PUBLIC TRANSPARENCY REPORT
2023
Manulife Investment Management
Generated 15-12-2023

About this report
PRI reporting is the largest global reporting project on responsible investment. It was developed with investors, for investors.
PRI signatories are required to report publicly on their responsible investment activities each year. In turn, they receive a number of
outputs, including a public and private Transparency Report.
The public Transparency Reports, which are produced using signatories’ reported information, provide accountability and support
signatories to have internal discussions about their practices and to discuss these with their clients, beneficiaries, and otherstakeholders.
This public Transparency Report is an export of the signatory’s responses to the PRI Reporting Framework during the 2023 reporting
period. It includes the signatory’s responses to core indicators, as well as responses to plus indicators that the signatory has agreed tomake public.
In response to signatory feedback, the PRI has not summarised signatories’ responses – the information in this document is presented
exactly as it was reported.
For each of the indicators in this document, all options selected by the signatory are presented, including links and qualitative
responses. In some indicators, all applicable options are included for additional context.

Disclaimers
Responsible investment definitions
Within the PRI Reporting Framework Glossary, we provide definitions for key terms to guide reporting on responsible investment
practices in the Reporting Framework. These definitions may differ from those used or proposed by other authorities and regulatory
bodies due to evolving industry perspectives and changing legislative landscapes. Users of this report should be aware of thesevariations, as they may impact interpretations of the information provided.

Data accuracy
This document presents information reported directly by signatories in the 2023 reporting cycle. This information has not been auditedby the PRI or any other party acting on its behalf. While this information is believed to be reliable, no representations or warranties are
made as to the accuracy of the information presented.
The PRI has taken reasonable action to ensure that data submitted by signatories in the reporting tool is reflected in their official PRI
reports accurately. However, it is possible that small data inaccuracies and/or gaps remain, and the PRI shall not be responsible or
liable for such inaccuracies and gaps.

2

Table of Contents
ModulePage

SENIOR LEADERSHIP STATEMENT (SLS)

4

ORGANISATIONAL OVERVIEW (OO)

7

POLICY, GOVERNANCE AND STRATEGY (PGS)

33

MANAGER SELECTION, APPOINTMENT AND MONITORING (SAM)70

LISTED EQUITY (LE)87

FIXED INCOME (FI)96

REAL ESTATE (RE)107

INFRASTRUCTURE (INF)

123

PRIVATE EQUITY (PE)133

CONFIDENCE-BUILDING MEASURES (CBM)142

3

SENIOR LEADERSHIP STATEMENT (SLS)SENIOR LEADERSHIP STATEMENTSENIOR LEADERSHIP STATEMENT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SLS 1

CORE

N/A

N/A

PUBLIC

Senior LeadershipStatement

GENERAL

Section 1. Our commitment■ Why does your organisation engage in responsible investment?
■ What is your organisation's overall approach to responsible investment, and what major responsible investmentcommitment(s) have you made?
We believe that a commitment to sustainable investment provides an important lens for identifying and managing material investment
risks and opportunities, enables better informed capital allocation decisions, and optimizes opportunity for improving risk adjusted
returns over the long term – ultimately leading to better investment results and outcomes for our clients. We support the robust
integration of ESG factors into our active ownership strategies and our investment approaches, across asset classes, geographies, andour business identities. The specific modes in which we act as stewards vary, either as owners, debt holders, or operators of the assets
in question or by having ownership rights conferred to us through investment. We adapt our approach to these formal differences whileremaining focused on preserving and enhancing asset value and resiliency through our activities.
As a global investment manager, in-depth research and analysis drive our investment activities and decisions. With a culture steeped in
careful and objective analysis, knowledge sharing, and global collaboration, we understand how sustainability principles should inform
our investment practices from the bottom up. In our view, sustainability is an important driver of financial value, while strong stewardshippractices help us build strong relationships with all our stakeholders, from clients and employees to tenants, borrowers, and investment
partners.
We recognize the critical connection between deciding to invest and maintaining a strong program of stewardship to enhance the value
and resilience of each of our investments. The central objective of our approach is to strengthen the potential risk/reward profile of ourclients’ portfolios. Across our investment complex, we seek to incorporate material ESG considerations throughout the stages of ourinvestment and lending lifecycles, considering the characteristics of the asset class and investment process in question as well as
industry and geography, among other factors. In our capacity as stewards of capital, our investment teams that have integrated ESG
analysis in their strategies—which extends to the vast majority of our approaches—monitor an issuer’s strategy, capital structure, andmanagement of ESG risks and opportunities on an ongoing basis. In our operating activities we hold ourselves to a high standard ofsustainability. We do this to both protect and grow the long-term value of these assets.

4

We recently deepened our engagement efforts around the themes of nature and biodiversity. In the spring of 2022, we published our
nature statement, in which we articulate our commitment to assess and manage nature-related risks and opportunities across ourinstitutional investments. According to the World Economic Forum’s Naure Risk Rising Report, over half the world’s total GDP ismoderately or highly dependent on nature. In appreciation of the depth of this dependency, we continued our work with the Finance for
Biodiversity Pledge and the Taskforce on Nature-related Financial Disclosures (TNFD). Through the former, we’ve committed tocollaborating and engaging with companies on biodiversity and assessing our own biodiversity impact. And through the latter, weparticipate in the TNFD Forum, a multidisciplinary pool of technical experts available to help develop what will be a globally influential,
nature-focused disclosure framework.

Section 2. Annual overview■ Discuss your organisation’s progress during the reporting year on the responsible investment issue you consider most
relevant or material to your organisation or its assets.
■ Reflect on your performance with respect to your organisation’s responsible investment objectives and targets during thereporting year. Details might include, for example, outlining your single most important achievement or describing your generalprogress on topics such as the following (where applicable):• refinement of ESG analysis and incorporation• stewardship activities with investees and/or with policymakers• collaborative engagements• attainment of responsible investment certifications and/or awards
As we mentioned, in 2022, we broadened our efforts around nature and biodiversity. We were also busy across regions responding todevelopments in standards setting and regulation. We provided feedback to the Canada Securities Association (CSA) on amended
standards of disclosure concerning activities by mining issuers. As part of this effort, we collaborated with other investors through thePortfolio Management Association of Canada (PMAC), highlighting the need for miners to disclose information regarding theirrelationships with indigenous peoples. In June, we responded to the SEC's proposed rule on The Enhancement and Standardization of
Climate-Related Disclosures by public companies.
Further, in ongoing collaboration with the Emerging Markets Investor Alliance (EMIA), we have the opportunity to articulate togovernments the need for budget transparency, which may help promote better pricing in sovereign debt markets. We continued to
strive to meet our clients’ and beneficiaries’ needs through an expansion of our sustainable product offering. Highlights include thelaunch of our climate bond strategy, a sustainable Asia equity strategy, and the forest climate strategy.
ESG integration
Our sustainability professionals identify and develop tools that help our investment teams assess ESG risks and opportunities. In 2022,
we developed a tool to more effectively review climate risk at a portfolio and issuer level in public equity and debt portfolios. In our realestate investment team, we onboarded a tool that provides a portfolio view of our sustainability data for real estate, updated to oursustainable building standards, which defines requirements and best practices for our third-party property managers and encourages
improvement while addressing the need for advancement, guidance, tools, and consistency. We’ve also added a new physical climate
risk tool within our infrastructure, timberland, and agriculture businesses.
Stewardship activities
As we navigate new regulatory developments, we work to influence policymakers and advocate for an operating environment thatencourages sustainable business operations, protects and enhances investor rights, and encourages better disclosure of material
nonfinancial data and information. To that end, we’ve found significant benefits in partnering with different investment manager
associations.

5Collaboration
We continued to participate in collaborative initiatives where we can have a substantial impact. As members of World Business Council
for Sustainable Development (WBCSD), we co-led development of a Forest Sector Nature-Positive Roadmap that provided a shareddefinition of nature positive for companies to use. We also joined the Ecosystem Services Market Consortium (ESMC) and partneredwith the U.S. Cotton Trust Protocol and Forum for the Future to launch the Eco-Harvest pilot project. We also increased our commitment
to the PRI Infrastructure Advisory Committee by taking on the committee chair role.
We also began dialogue with companies as part of the Climate Engagement Canada (CEC) initiative and 30% Club Canada.

Section 3. Next steps■ What specific steps has your organisation outlined to advance your commitment to responsible investment in the next two
years?
ESG integration
Since adopting our inaugural ESG policy in November 2015, we’ve embedded sustainability factors into our investment processes inalmost all investment teams and demonstrated innovation and commitment. Precisely because this is a continually evolving field we areon a permanent journey as we seek to strengthen our understanding and improve our processes. In particular, we will organize
thematic training work to focus more specifically on various emerging areas of sustainability, and we anticipate publishing further
statements to assist clients in understanding our approach to a number of sustainability issues.
Engagement
We’ll continue to focus on outcome-based engagements and set goals for investment teams that will help ensure ongoing engagement
progress. We’re also planning to review our tracking and recordkeeping tools and processes associated with engagements with a viewto enhancing our data analytics and reporting.
Collaboration
We’ll continue to participate in collaborative initiatives that we believe will achieve a lasting impact consistent with our fiduciary duty to
our clients. We’ll continue to focus on nature and biodiversity, climate-related issues, and board diversity through several initiatives as
we lead and participate in engagements with peers across related initiatives. We’ll also continue to engage with standards setters andregulators, embark on a thematic engagement process with issuers across multiple industries, and explore new tools, practices, andtechnologies for assessing, managing, and mitigating nature and biodiversity impacts across our global business.

Section 4. Endorsement'The Senior Leadership Statement has been prepared and/or reviewed by the undersigned and reflects ourorganisation-wide commitment and approach to responsible investment'.
Name
Paul Lorentz

Position
President & CEO, Global Wealth and Asset Management

Organisation’s Name
Manulife Investment Management

6◉A'This endorsement applies only to the Senior Leadership Statement and should not be considered an endorsement of
the information reported by the above-mentioned organisation in the various modules of the Reporting Framework.
The Senior Leadership Statement serves as a general overview of the above-mentioned organisation's responsible
investment approach. The Senior Leadership Statement does not constitute advice and should not be relied upon as
such. Further, it is not a substitute for the skill, judgement and experience of any third parties, their management,
employees, advisors and/or clients when making investment and other business decisions'.
○ B

ORGANISATIONAL OVERVIEW (OO)
ORGANISATIONAL INFORMATIONREPORTING YEAR
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 1

CORE

N/A

N/A

PUBLIC

Reporting year

GENERAL

What is the year-end date of the 12-month period you have chosen to report for PRI reporting purposes?

Year-end date of the 12-month
period for PRI reporting purposes:

Date

Month

Year

31

12

2022

SUBSIDIARY INFORMATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 2

CORE

N/A

OO 2.1

PUBLIC

Subsidiary
information

GENERAL

Does your organisation have subsidiaries?
○ (A) Yes
◉ (B) No

7

ASSETS UNDER MANAGEMENTALL ASSET CLASSES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 4

CORE

OO 3

N/A

PUBLICAll asset classes

GENERAL

What are your total assets under management (AUM) at the end of the reporting year, as indicated in [OO 1]?
USD(A) AUM of your organisation,
including subsidiaries, andexcluding the AUM subject toexecution, advisory, custody, or
research advisory only

US$ 548,800,000,000.00(B) AUM of subsidiaries that are
PRI signatories in their own rightand excluded from thissubmission, as indicated in [OO
2.2]

US$ 0.00(C) AUM subject to execution,
advisory, custody, or researchadvisory only

US$ 51,500,000,000.00

ASSET BREAKDOWN
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5

CORE

OO 3

Multiple
indicators

PUBLICAsset
breakdown

GENERAL

Provide a percentage breakdown of your total AUM at the end of the reporting year as indicated in [OO 1].

8

(1) Percentage of Internally managed AUM(2) Percentage of Externally managed AUM(A) Listed equity>10-50%>10-50%(B) Fixed income>10-50%>0-10%(C) Private equity>0-10%>0-10%(D) Real estate>0-10%

0%(E) Infrastructure>0-10%0%(F) Hedge funds

0%0%(G) Forestry>0-10%0%(H) Farmland>0-10%

0%(I) Other0%>0-10%(J) Off-balance sheet>0-10%

0%(I) Other - (2) Percentage of Externally managed AUM - Specify:
Asset allocation and balanced funds(J) Off-balance sheet - (1) Percentage of Internally managed AUM - Specify:
Money market

9

ASSET BREAKDOWN: EXTERNALLY MANAGED ASSETS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.1CORE

OO 5

Multiple

PUBLIC

Asset breakdown:
Externally managed
assetsGENERAL

Provide a further breakdown of your organisation’s externally managed listed equity and/or fixed income AUM.

(1) Listed equity(2) Fixed income SSA(3) Fixed income corporate(4) Fixed income securitised(5) Fixed income private debt

(A) Active>75%>10-50%>10-50%>10-50%0%(B)
Passive>0-10%>0-10%>0-10%

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.2CORE

OO 5, OO 5.1

SAM 3,SAM 8

PUBLIC

Asset breakdown:
Externally managed
assetsGENERAL

Provide a breakdown of your organisation’s externally managed AUM between segregated mandates and pooled funds orinvestments.

(1) Segregated mandate(s)(2) Pooled fund(s) or pooled
investment(s)(A) Listed equity - active>75%>10-50%(B) Listed equity - passive

0%

>75%

(C) Fixed income - active>75%>10-50%(D) Fixed income - passive

0%

>75%

(E) Private equity

0%

>75%

10

ASSET BREAKDOWN: INTERNALLY MANAGED LISTED EQUITY
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.3 LE

CORE

OO 5

Multiple

PUBLIC

Asset breakdown:Internally managed
listed equity

GENERAL

Provide a further breakdown of your internally managed listed equity AUM.
(A) Passive equity>10-50%(B) Active – quantitative

0%(C) Active – fundamental>75%(D) Other strategies

0%

ASSET BREAKDOWN: INTERNALLY MANAGED FIXED INCOME
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.3 FI

CORE

OO 5

Multiple

PUBLIC

Asset breakdown:Internally managed
fixed income

GENERAL

Provide a further breakdown of your internally managed fixed income AUM.
(A) Passive – SSA>0-10%(B) Passive – corporate>0-10%(C) Active – SSA>10-50%(D) Active – corporate>10-50%(E) Securitised>10-50%11

(F) Private debt

>0-10%ASSET BREAKDOWN: INTERNALLY MANAGED PRIVATE EQUITY
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.3 PE

CORE

OO 5

N/A

PUBLIC

Asset breakdown:Internally managed
private equity

GENERAL

Provide a further breakdown of your internally managed private equity AUM.
(A) Venture capital

0%(B) Growth capital0%(C) (Leveraged) buy-out>75%(D) Distressed, turnaround or
special situations

0%(E) Secondaries>10-50%(F) Other0%

ASSET BREAKDOWN: INTERNALLY MANAGED REAL ESTATE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.3 RE

CORE

OO 5

N/A

PUBLIC

Asset breakdown:Internally managed
real estate

GENERAL

Provide a further breakdown of your internally managed real estate AUM.
(A) Retail>0-10%(B) Office>50-75%(C) Industrial>10-50%12

(D) Residential>10-50%(E) Hotel

0%(F) Lodging, leisure and recreation

0%(G) Education

0%(H) Technology or science0%(I) Healthcare0%(J) Mixed use>0-10%(K) Other0%

ASSET BREAKDOWN: INTERNALLY MANAGED INFRASTRUCTURE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 5.3 INF

CORE

OO 5

N/A

PUBLIC

Asset breakdown:Internally managed
infrastructure

GENERAL

Provide a further breakdown of your internally managed infrastructure AUM.
(A) Data infrastructure>10-50%(B) Diversified

0%(C) Energy and water resources>10-50%(D) Environmental services>0-10%(E) Network utilities

0%(F) Power generation (excl.
renewables)>10-50%13

(G) Renewable power>10-50%(H) Social infrastructure

0%(I) Transport>10-50%(J) Other

0%

MANAGEMENT BY PRI SIGNATORIES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 6

CORE

OO 5

N/A

PUBLICManagement by PRI
signatories

GENERAL

What percentage of your organisation’s externally managed assets are managed by PRI signatories?
>75%

GEOGRAPHICAL BREAKDOWN
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 7

CORE

Multiple, seeguidance

N/A

PUBLIC

Geographicalbreakdown

GENERAL

How much of your AUM in each asset class is invested in emerging markets and developing economies?
AUM in Emerging Markets and Developing Economies(A) Listed equity(3) >10 to 20%(B) Fixed income – SSA(3) >10 to 20%(C) Fixed income – corporate(2) >0 to 10%(D) Fixed income – securitised(2) >0 to 10%

14(E) Fixed income – private debt

(1) 0%(F) Private equity(2) >0 to 10%(G) Real estate(2) >0 to 10%(H) Infrastructure(2) >0 to 10%

STEWARDSHIPSTEWARDSHIP
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 8

CORE

Multiple, seeguidance

Multiple
indicators

PUBLIC

Stewardship

GENERAL

Does your organisation conduct stewardship activities, excluding (proxy) voting, for any of your assets?
(1) Listed
equity active(2) Listed
equity passive(3) Fixed
income active(4) Fixed
income passive(5) Private
equity(A) Yes, through internal staff

☑

☑

☑

☑

☑

(B) Yes, through service providers

☐

☐

☐

☐

☐

(C) Yes, through externalmanagers

☑

☑

☑

☑

☑

(D) We do not conduct
stewardship

○

○

○

○

○

15

(6) Realestate(7)
Infrastructure(9) Forestry(10)
Farmland(11) Other(A) Yes, through internal staff

☑

☑

☑

☑

☐

(B) Yes, through service providers

☐

☐

☐

☐

☐

(C) Yes, through externalmanagers

☐

☐

☐

☐

☑

(D) We do not conduct
stewardship

○

○

○

○

○

STEWARDSHIP: (PROXY) VOTING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 9

CORE

Multiple, seeguidance

Multiple
indicators

PUBLIC

Stewardship:(Proxy) voting

GENERAL

Does your organisation conduct (proxy) voting activities for any of your listed equity holdings?
(1) Listed equity - active(2) Listed equity - passive(A) Yes, through internal staff☑

☑

(B) Yes, through service providers☑

☑

(C) Yes, through externalmanagers☑

☑

16

(D) We do not conduct (proxy)
voting○○Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 9.1CORE

OO 9

PGS 10.1,
PGS 31

PUBLIC

Stewardship:(Proxy) voting

GENERALFor each asset class, on what percentage of your listed equity holdings do you have the discretion to vote?
Percentage of your listed equity holdings over which you have the discretion tovote(A) Listed equity – active(7) >50 to 60%(B) Listed equity - passive(11) >90 to <100%

ESG INCORPORATIONINTERNALLY MANAGED ASSETS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 11

CORE

Multiple, seeguidance

Multiple
indicators

PUBLICInternallymanaged assets

1

For each internally managed asset class, does your organisation incorporate ESG factors into your investment
decisions?
(1) Yes, we incorporate ESG factors
into our investment decisions(2) No, we do not incorporate ESG
factors into our investment decisions(A) Listed equity - passive○◉(C) Listed equity - active fundamental◉○(E) Fixed income - SSA

◉

○

17

(F) Fixed income - corporate◉○(G) Fixed income - securitised◉○(H) Fixed income - private debt◉○(I) Private equity◉○(J) Real estate◉○(K) Infrastructure◉○(T) Forestry◉○(U) Farmland◉○

EXTERNAL MANAGER SELECTION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 12

CORE

OO 5, OO 5.1

Multiple
indicators

PUBLIC

External manager
selection

1

For each externally managed asset class, does your organisation incorporate ESG factors when selecting external
investment managers?
(1) Yes, we incorporate ESG factors
when selecting external investment
managers(2) No, we do not incorporate ESG
factors when selecting external
investment managers(A) Listed equity - active◉○(B) Listed equity - passive◉○(C) Fixed income - active◉○(D) Fixed income - passive◉○(E) Private equity

◉

○

18

(K) Other: Asset allocation andbalanced funds◉○

EXTERNAL MANAGER APPOINTMENT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 13

CORE

OO 5, OO 5.1

Multiple
indicators

PUBLIC

External manager
appointment

1

For each externally managed asset class, does your organisation incorporate ESG factors when appointing external
investment managers?
(1) Yes, we incorporate ESG factors
when appointing external investment
managers(2) No, we do not incorporate ESG
factors when appointing external
investment managers(A) Listed equity - active◉○(B) Listed equity - passive◉○(C) Fixed income - active◉○(D) Fixed income - passive◉○(E) Private equity◉○(K) Other: Asset allocation andbalanced funds

◉

○

19

EXTERNAL MANAGER MONITORING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 14

CORE

OO 5, OO 5.1

Multiple
indicators

PUBLIC

External manager
monitoring1

For each externally managed asset class, does your organisation incorporate ESG factors when monitoring external
investment managers?
(1) Yes, we incorporate ESG factors
when monitoring external investment
managers(2) No, we do not incorporate ESG
factors when monitoring external
investment managers(A) Listed equity - active◉○(B) Listed equity - passive◉○(C) Fixed income - active◉○(D) Fixed income - passive◉○(E) Private equity◉○(K) Other: Asset allocation andbalanced funds◉○

ESG IN OTHER ASSET CLASSES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 15

CORE

OO 11, OO 12–
14

N/A

PUBLICESG in other asset
classes1

Describe how your organisation incorporates ESG factors into the following asset classes.
Internally managed(A) Forestry

20

To ensure that all relevant ESG risks and opportunities are considered in a standardized way across every possible deal, ourtimberland and agriculture acquisition teams use our sustainability and responsible investment (SRI) tool kit, which has beendeveloped to enable a consistent and structured approach to assessing the characteristics of an investment opportunity.
For further information refer to: Timber and agriculture sustainability report (manulifeim.com)(B) Farmland
Refer to description above.

Externally managed(F) Other
Our public markets Global Manager Research (GMR) team is responsible for investment evaluation, decision-making, and oversightof assets where Manulife Investment Management has delegated some, or most, investment management functions to a third-party
manager. This team applies a combination of quantitative and qualitative processes to monitor and assess our delegatedmanagement of client assets.

ESG NOT INCORPORATED
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 16

CORE

OO 11, OO 12–
14

N/A

PUBLICESG not
incorporated

1

Describe why your organisation does not currently incorporate ESG factors into your investment decisions.
Internally managed(A) Listed equity – passive
Manulife Investment Management currently does not manage any passive equity strategies where the investment mandates orpolicies permit us to incorporate ESG considerations into investment decisions. For assets managed by our passive listed equities
strategies, we are an active steward where we review and vote proxies and engage investee companies.

ESG STRATEGIESLISTED EQUITY
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 17 LE

CORE

OO 11

OO 17.1 LE, LE 12

PUBLIC

Listed equity

1

Which ESG incorporation approach and/or combination of approaches does your organisation apply to your internallymanaged active listed equity?

21

Percentage out of total internally managed active listed equity(A) Screening alone>10-50%(B) Thematic alone

0%(C) Integration alone

0%(D) Screening and integration>75%(E) Thematic and integration

0%(F) Screening and thematic

0%(G) All three approaches combined>0-10%(H) None0%

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 17.1 LE

CORE

OO 17 LELE 9

PUBLIC

Listed equity

1

What type of screening does your organisation use for your internally managed active listed equity assets where ascreening approach is applied?
Percentage coverage out of your total listed equity assets where a screening
approach is applied(A) Positive/best-in-classscreening only

0%(B) Negative screening only

>75%(C) A combination of screening
approaches>0-10%

22

FIXED INCOME
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 17 FI

CORE

OO 5.3 FI, OO
11Multiple, seeguidance

PUBLIC

Fixed
income1Which ESG incorporation approach and/or combination of approaches does your organisation apply to your internallymanaged active fixed income?

(1) Fixed income - SSA(2) Fixed income corporate(3) Fixed income securitised(A) Screening alone0%>0-10%

0%(B) Thematic alone

0%

0%

0%

(C) Integration alone

>75%

0%

>0-10%(D) Screening and integration

0%

>75%

0%

(E) Thematic and integration

0%

0%

0%

(F) Screening and thematic

0%

0%

0%

(G) All three approaches combined>0-10%>0-10%

0%(H) None>0-10%

0%>75%

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 17.1 FI

CORE

OO 17 FI

N/A

PUBLIC

Fixed income

1

What type of screening does your organisation use for your internally managed active fixed income where a screening
approach is applied?

23

(1) Fixed income - SSA(2) Fixed income - corporate(A) Positive/best-in-classscreening only0%0%(B) Negative screening only

>75%

>75%

(C) A combination of screening
approaches0%>0-10%

ESG/SUSTAINABILITY FUNDS AND PRODUCTSLABELLING AND MARKETING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 18

CORE

OO 11–14

OO 18.1

PUBLIC

Labelling andmarketing1

Do you explicitly market any of your products and/or funds as ESG and/or sustainable?
◉ (A) Yes, we market products and/or funds as ESG and/or sustainable
Provide the percentage of AUM that your ESG and/or sustainability-marketed products or funds represent:>0-10%○ (B) No, we do not offer products or funds explicitly marketed as ESG and/or sustainable○ (C) Not applicable; we do not offer products or funds
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 18.1

CORE

OO 18

OO 18.2

PUBLIC

Labelling andmarketing1

Do any of your ESG and/or sustainability-marketed products and/or funds hold formal ESG and/or RI certification(s) orlabel(s) awarded by a third party?
◉ (A) Yes, our ESG and/or sustainability-marketed products and/or funds hold formal labels or certifications
Provide the percentage of AUM that your labelled and/or certified products and/or funds represent:>0-10%○ (B) No, our ESG and/or sustainability-marketed products and/or funds do not hold formal labels or certifications

24

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 18.2

CORE

OO 18.1

N/A

PUBLIC

Labelling andmarketing1

Which ESG/RI certifications or labels do you hold?
☐ (A) Commodity type label (e.g. BCI)
☑ (B) GRESB☐ (C) Austrian Ecolabel (UZ49)☐ (D) B Corporation☐ (E) BREEAM☐ (F) CBI Climate Bonds Standard☐ (G) DDV-Nachhaltigkeitskodex-ESG-Strategie☐ (H) DDV-Nachhaltigkeitskodex-ESG-Impact☐ (I) EU Ecolabel☐ (J) EU Green Bond Standard☐ (K) Febelfin label (Belgium)☐ (L) Finansol☐ (M) FNG-Siegel Ecolabel (Germany, Austria and Switzerland)☐ (N) Greenfin label (France)☐ (O) Grüner Pfandbrief☐ (P) ICMA Green Bond Principles☐ (Q) ICMA Social Bonds Principles☐ (R) ICMA Sustainability Bonds Principles☐ (S) ICMA Sustainability-linked Bonds Principles☐ (T) Kein Verstoß gegen Atomwaffensperrvertrag☐ (U) Le label ISR (French government SRI label)☐ (V) Luxflag Climate Finance☐ (W) Luxflag Environment☐ (X) Luxflag ESG☐ (Y) Luxflag Green Bond
☐ (Z) Luxflag Microfinance☐ (AA) Luxflag Sustainable Insurance Products☑ (AB) National stewardship code
Specify:
United Kingdom, Canada, Hong Kong, Japan, Taiwan☐ (AC) Nordic Swan Ecolabel☐ (AD) Other SRI label based on EUROSIF SRI Transparency Code (e.g. Novethic)☐ (AE) People’s Bank of China green bond guidelines☐ (AF) RIAA (Australia)☐ (AG) Towards Sustainability label (Belgium)☐ (AH) Other25

PASSIVE INVESTMENTS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 19

CORE

OO 5.3 FI, OO
11

LE 8, FI 10

PUBLIC

Passiveinvestments

1

What percentage of your total internally managed passive listed equity and/or fixed income passive AUM utilise an ESG
index or benchmark?
Percentage of AUM that utilise an ESG index or benchmark(B) Fixed income - passive

0%

THEMATIC BONDS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 20

CORE

OO 17 FIFI 15, FI 17

PUBLIC

Thematic bonds

1

What percentage of your total environmental and/or social thematic bonds are labelled by the issuers in accordance withindustry-recognised standards?
Percentage of your total environmental and/or social thematic bonds labelled by
the issuers(A) Green or climate bonds

0%(B) Social bonds

0%(C) Sustainability bonds

0%(D) Sustainability-linked bonds

0%(E) SDG or SDG-linked bonds

0%(F) Other0%26

(G) Bonds not labelled by theissuer>75%

SUMMARY OF REPORTING REQUIREMENTS
SUMMARY OF REPORTING REQUIREMENTS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 21

CORE

Multiple
indicators

Multiple
indicators

PUBLIC

Summary ofreportingrequirements

GENERAL

The following table shows which modules are mandatory or voluntary to report on in the separate PRI asset classmodules. Where a module is voluntary, indicate if you wish to report on it.
(1) Mandatory to report(pre-filled based on
previous responses)(2.1) Voluntary to report.
Yes, I want to opt-in toreporting on the module(2.2) Voluntary to report.
No, I want to opt-out ofreporting on the module

Policy, Governance and Strategy

◉

○

○

Confidence Building Measures

◉

○

○

(C) Listed equity – active –fundamental

◉

○

○

(E) Fixed income – SSA

◉

○

○

(F) Fixed income – corporate

◉

○

○

(G) Fixed income – securitised

◉

○

○

(H) Fixed income – private debt

◉

○

○

(I) Private equity

○

◉

○

(J) Real estate

◉

○

○

Applicable modules

27

(K) Infrastructure

◉

○

○

(T) External manager selection,
appointment and monitoring (SAM)– listed equity - active

◉

○

○

(U) External manager selection,
appointment and monitoring (SAM)– listed equity - passive

◉

○

○

(V) External manager selection,
appointment and monitoring (SAM)– fixed income - active

○

◉

○

(W) External manager selection,
appointment and monitoring (SAM)– fixed income - passive

○

◉

○

(X) External manager selection,
appointment and monitoring (SAM)– private equity

◉

○

○

OTHER ASSET BREAKDOWNSPRIVATE EQUITY: SECTORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 22

CORE

OO 21

N/A

PUBLICPrivate equity:
Sectors

GENERAL

In which sector(s) are your internally managed private equity assets invested?
☐ (A) Energy☑ (B) Materials☑ (C) Industrials☑ (D) Consumer discretionary☑ (E) Consumer staples☑ (F) Healthcare☑ (G) Financials☑ (H) Information technology☐ (I) Communication services☐ (J) Utilities☐ (K) Real estate28

PRIVATE EQUITY: OWNERSHIP LEVEL
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 23

CORE

OO 21

N/A

PUBLICPrivate equity:
Ownership level

GENERAL

What is the percentage breakdown of your internally managed private equity investments by the level of ownership?
☑ (A) A majority stake (more than 50%)
Select from the list:◉ (1) >0 to 10%○ (2) >10 to 50%☑ (B) A significant minority stake (between 10–50%)
Select from the list:◉ (1) >0 to 10%○ (2) >10 to 50%☑ (C) A limited minority stake (less than 10%)
Select from the list:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%◉ (4) >75%

REAL ESTATE: BUILDING TYPE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 24

CORE

OO 21

RE 1, RE 9 10

PUBLICReal estate:
Building type

GENERAL

What is the building type of your physical real estate assets?
☑ (A) Standing investments☑ (B) New construction☑ (C) Major renovation

29

REAL ESTATE: OWNERSHIP LEVEL
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 25

CORE

OO 21

N/A

PUBLICReal estate:
Ownership level

GENERAL

What is the percentage breakdown of your physical real estate assets by the level of ownership?
☑ (A) A majority stake (more than 50%)
Select from the list:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%◉ (4) >75%
☑ (B) A significant minority stake (between 10–50%)
Select from the list:◉ (1) >0 to 10%○ (2) >10 to 50%☐ (C) A limited minority stake (less than 10%)REAL ESTATE: MANAGEMENT TYPE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 26

CORE

OO 21

RE 1, RE 6–8,
RE 13

PUBLICReal estate:
Management type

GENERAL

Who manages your physical real estate assets?
☑ (A) Direct management by our organisation☑ (B) Third-party property managers that our organisation appoints☐ (C) Other investors or their third-party property managers☐ (D) Tenant(s) with operational control

30

INFRASTRUCTURE: OWNERSHIP LEVEL
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 27

CORE

OO 21

N/A

PUBLIC

Infrastructure:
Ownership level

GENERAL

What is the percentage breakdown of your organisation’s infrastructure assets by the level of ownership?
☑ (A) A majority stake (more than 50%)
Select from the list:○ (1) >0 to 10%◉ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75%
☑ (B) A significant minority stake (between 10–50%)
Select from the list:○ (1) >0 to 10%◉ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75%
☑ (C) A limited minority stake (less than 10%)
Select from the list:○ (1) >0 to 10%◉ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75%

INFRASTRUCTURE: STRATEGY
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 28

CORE

OO 21

N/A

PUBLIC

Infrastructure:
Strategy

GENERAL

What is the investment strategy for your infrastructure assets?
☑ (A) Core☐ (B) Value added☐ (C) Opportunistic☐ (D) Other

31

INFRASTRUCTURE: TYPE OF ASSET
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 29

CORE

OO 21

INF 1

PUBLIC

Infrastructure: Typeof asset

GENERAL

What is the asset type of your infrastructure?
☑ (A) Greenfield☑ (B) Brownfield

INFRASTRUCTURE: MANAGEMENT TYPE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 30

CORE

OO 21

Multiple, seeguidance

PUBLIC

Infrastructure:
Management type

GENERAL

Who manages your infrastructure assets?
☐ (A) Direct management by our organisation☑ (B) Third-party infrastructure operators that our organisation appoints☑ (C) Other investors, infrastructure companies or their third-party operators☐ (D) Public or government entities or their third-party operators

SUBMISSION INFORMATIONREPORT DISCLOSURE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

OO 32

CORE

OO 3, OO 31

N/A

PUBLIC

Report disclosure

GENERAL

How would you like to disclose the detailed percentage figures you reported throughout the Reporting Framework?
○ (A) Publish as absolute numbers◉ (B) Publish as ranges

32

POLICY, GOVERNANCE AND STRATEGY (PGS)
POLICYRESPONSIBLE INVESTMENT POLICY ELEMENTS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 1

CORE

OO 8, OO 9Multiple
indicators

PUBLIC

Responsible
investment policy
elements

1, 2Which elements are covered in your formal responsible investment policy(ies)?
☑ (A) Overall approach to responsible investment☑ (B) Guidelines on environmental factors☑ (C) Guidelines on social factors☑ (D) Guidelines on governance factors☑ (E) Guidelines on sustainability outcomes☑ (F) Guidelines tailored to the specific asset class(es) we hold
☑ (G) Guidelines on exclusions☑ (H) Guidelines on managing conflicts of interest related to responsible investment☑ (I) Stewardship: Guidelines on engagement with investees☐ (J) Stewardship: Guidelines on overall political engagement☐ (K) Stewardship: Guidelines on engagement with other key stakeholders☑ (L) Stewardship: Guidelines on (proxy) voting☐ (M) Other responsible investment elements not listed here
○ (N) Our organisation does not have a formal responsible investment policy and/or our policy(ies) do not cover any responsible
investment elements
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 2

CORE

PGS 1

Multiple, seeguidance

PUBLIC

Responsible
investment policy
elements

1

Does your formal responsible investment policy(ies) include specific guidelines on systematic sustainability issues?
☑ (A) Specific guidelines on climate change (may be part of guidelines on environmental factors)☐ (B) Specific guidelines on human rights (may be part of guidelines on social factors)☑ (C) Specific guidelines on other systematic sustainability issues
Specify:
Nature○ (D) Our formal responsible investment policy(ies) does not include guidelines on systematic sustainability issues

33

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 3

CORE

PGS 1, PGS 2

N/APUBLIC

Responsible
investment policy
elements

6

Which elements of your formal responsible investment policy(ies) are publicly available?
☑ (A) Overall approach to responsible investment
Add link:
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/policies/sustainable-investing-and-sustainable-riskstatement.pdf☑ (B) Guidelines on environmental factors
Add link:
https://www.manulifeim.com/institutional/us/en/sustainability#policies-and-disclosures☐ (C) Guidelines on social factors☑ (D) Guidelines on governance factors
Add link:
https://www.manulifeim.com/institutional/us/en/sustainability#policies-and-disclosures☑ (E) Guidelines on sustainability outcomes
Add link:
https://www.manulifeim.com/institutional/us/en/sustainability#policies-and-disclosures☑ (F) Specific guidelines on climate change (may be part of guidelines on environmental factors)
Add link:
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/climate-change-statement.pdf☑ (H) Specific guidelines on other systematic sustainability issues
Add link:
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/nature-statement-mim.pdf☑ (I) Guidelines tailored to the specific asset class(es) we hold
Add link:
https://www.manulifeim.com/institutional/us/en/sustainability#transparency☑ (J) Guidelines on exclusions
Add link:
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/policies/sustainable-investing-and-sustainable-riskstatement.pdf☑ (K) Guidelines on managing conflicts of interest related to responsible investment
Add link:

34

https://www.manulifeim.com/institutional/global/en/stewardship-report☑ (L) Stewardship: Guidelines on engagement with investees
Add link:
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/policies/Manulife-IM-ESG-Engagement-Policy.pdf☑ (O) Stewardship: Guidelines on (proxy) voting
Add link:
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/policies/Manulife-IM-Global-Proxy-Voting-Policy-andProcedures.pdf○ (Q) No elements of our formal responsible investment policy(ies) are publicly available
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 4

PLUS

PGS 1

N/A

PUBLIC

Responsible
investment policy
elements

1–6

Does your formal responsible investment policy(ies) identify a link between your responsible investment activities andyour fiduciary duties or equivalent obligations?
◉ (A) Yes
Elaborate:
Please refer to our Sustainable Investing and Sustainability Risk Statement: https://www.manulifeim.com/content/dam/miminstitutional/global/documents/policies/sustainable-investing-and-sustainable-risk-statement.pdf
This Statement aligns with our fiduciary responsibilities as a manager of client capital and is aligned with Manulife Investment
Management’s overall approach to sustainability.

○ (B) No
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 5

CORE

PGS 1

N/A

PUBLIC

Responsible
investment policy
elements

2

Which elements are covered in your organisation’s policy(ies) or guidelines on stewardship?
☑ (A) Overall stewardship objectives☑ (B) Prioritisation of specific ESG factors to be advanced via stewardship activities☑ (C) Criteria used by our organisation to prioritise the investees, policy makers, key stakeholders, or other entities on
which to focus our stewardship efforts☑ (D) How different stewardship tools and activities are used across the organisation☑ (E) Approach to escalation in stewardship☑ (F) Approach to collaboration in stewardship☑ (G) Conflicts of interest related to stewardship35☑ (H) How stewardship efforts and results are communicated across the organisation to feed into investment decisionmaking and vice versa☐ (I) Other○ (J) None of the above elements is captured in our policy(ies) or guidelines on stewardship
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 6

CORE

PGS 1

N/A

PUBLIC

Responsible
investment policy
elements

2

Does your policy on (proxy) voting include voting principles and/or guidelines on specific ESG factors?
☑ (A) Yes, it includes voting principles and/or guidelines on specific environmental factors☑ (B) Yes, it includes voting principles and/or guidelines on specific social factors☑ (C) Yes, it includes voting principles and/or guidelines on specific governance factors○ (D) Our policy on (proxy) voting does not include voting principles or guidelines on specific ESG factors
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 7

CORE

OO 9

N/A

PUBLIC

Responsible
investment policy
elements

2

Does your organisation have a policy that states how (proxy) voting is addressed in your securities lending programme?
◉ (A) We have a publicly available policy to address (proxy) voting in our securities lending programme
Add link(s):https://www.manulifeim.com/content/dam/mim-institutional/global/documents/policies/Manulife-IM-Global-Proxy-Voting-Policy-andProcedures.pdf○ (B) We have a policy to address (proxy) voting in our securities lending programme, but it is not publicly available○ (C) We rely on the policy of our external service provider(s)○ (D) We do not have a policy to address (proxy) voting in our securities lending programme○ (E) Not applicable; we do not have a securities lending programme

36

RESPONSIBLE INVESTMENT POLICY COVERAGE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 8

CORE

PGS 1

N/A

PUBLIC

Responsible
investment policy
coverage1

What percentage of your total AUM is covered by the below elements of your responsible investment policy(ies)?
Combined AUM coverage of all policy elements(A) Overall approach toresponsible investment(B) Guidelines on environmental
factors(C) Guidelines on social factors(D) Guidelines on governancefactors(6) >90% to <100%

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 9

CORE

PGS 2

N/A

PUBLIC

Responsible
investment policy
coverage1

What proportion of your AUM is covered by your formal policies or guidelines on climate change, human rights, or othersystematic sustainability issues?
AUM coverage(A) Specific guidelines on climatechange(2) for a majority of our AUM(C) Specific guidelines on othersystematic sustainability issues(2) for a majority of our AUM

37

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 10CORE

OO 8, OO 9,
PGS 1

N/A

PUBLIC

Responsible
investment policy
coverage2

Per asset class, what percentage of your AUM is covered by your policy(ies) or guidelines on stewardship with investees?
☑ (A) Listed equity(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%◉ (10) >90% to <100%○ (11) 100%(2) If your AUM coverage is below 100%, explain why: (Voluntary)☑ (B) Fixed income(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%◉ (10) >90% to <100%○ (11) 100%(2) If your AUM coverage is below 100%, explain why: (Voluntary)☑ (C) Private equity(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%
☑ (D) Real estate38

(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%
☑ (E) Infrastructure(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%
☑ (G) Forestry(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%
☑ (H) Farmland(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%
☑ (I) Other39

(1) Percentage of AUM covered○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%◉ (10) >90% to <100%○ (11) 100%(2) If your AUM coverage is below 100%, explain why: (Voluntary)
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 10.1

CORE

OO 9.1, PGS
1

N/A

PUBLIC

Responsible
investment policy
coverage2

What percentage of your listed equity holdings is covered by your guidelines on (proxy) voting?
☑ (A) Actively managed listed equity(1) Percentage of your listed equity holdings over which you have the discretion to vote○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%
☑ (B) Passively managed listed equity(1) Percentage of your listed equity holdings over which you have the discretion to vote○ (1) >0% to 10%○ (2) >10% to 20%○ (3) >20% to 30%○ (4) >30% to 40%○ (5) >40% to 50%○ (6) >50% to 60%○ (7) >60% to 70%○ (8) >70% to 80%○ (9) >80% to 90%○ (10) >90% to <100%◉ (11) 100%40

GOVERNANCE
ROLES AND RESPONSIBILITIESIndicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 11CORE

N/A

Multiple
indicators

PUBLIC

Roles and
responsibilities

1

Which senior level body(ies) or role(s) in your organisation have formal oversight over and accountability for responsible
investment?
☑ (A) Board members, trustees, or equivalent☑ (B) Senior executive-level staff, or equivalentSpecify:
Chief Executive Officer (CEO), Chief Investment Officer (CIO), Chief Operating Officer (COO)☑ (C) Investment committee, or equivalentSpecify:
Sustainable investing committees and ESG regulatory committee☑ (D) Head of department, or equivalentSpecify department:
Heads of asset classes, Heads of sustainable investing○ (E) None of the above bodies and roles have oversight over and accountability for responsible investment
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 11.1

CORE

PGS 1, PGS 2,
PGS 11

N/A

PUBLIC

Roles and
responsibilities

1, 2

Does your organisation's senior level body(ies) or role(s) have formal oversight over and accountability for the elements
covered in your responsible investment policy(ies)?

41

(1) Board members, trustees, or
equivalent(2) Senior executive-level staff,
investment committee, head of
department, or equivalent(A) Overall approach toresponsible investment☑

☑

(B) Guidelines on environmental,social and/or governance factors☑

☑

(C) Guidelines on sustainability
outcomes☐☑

(D) Specific guidelines on climatechange (may be part of guidelines
on environmental factors)☑

☑

(F) Specific guidelines on othersystematic sustainability issues☐☑

(G) Guidelines tailored to thespecific asset class(es) we hold☐☑

(H) Guidelines on exclusions☑

☑

(I) Guidelines on managing
conflicts of interest related toresponsible investment☐☑

(J) Stewardship: Guidelines on
engagement with investees☑

☑

(M) Stewardship: Guidelines on(proxy) voting☑

☑

(N) This role has no formal
oversight over and accountability
for any of the above elements
covered in our responsible
investment policy(ies)

○

○

42

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 11.2

CORE

N/A

N/A

PUBLIC

Roles and
responsibilities

1–6

Does your organisation have governance processes or structures to ensure that your overall political engagement isaligned with your commitment to the principles of PRI, including any political engagement conducted by third parties on
your behalf?
◉ (A) Yes
Describe how you do this:Manulife Investment Management has established a governance structure to oversee our investment teams’ sustainable investing
activities and our ongoing stewardship activities.
We view the involvement of leaders in all asset classes, as well as representatives from functional areas such as operations, legal,
compliance, risk, and technology, to be crucial to supporting our sustainable investing activities across the organization and ensuring
the buy-in and commitment required for success.
In addition, the sustainability governance structure of Manulife Investment Management is connected to larger sustainability
governance at Manulife. The president and CEO of Manulife Investment Management is joined by other senior Manulife leaders on
the Manulife executive sustainability council, and the leaders of our sustainable investing teams in Manulife Investment
Management work closely with Manulife’s chief sustainability officer. In this way, Manulife Investment Management’s governancestructure is well connected to the broader sustainability community and leadership across Manulife.
Please refer to our external sustainability reporting for further detail on our governance structure and approach to politicalengagement:
https://www.manulifeim.com/institutional/global/en/stewardship-reporthttps://www.manulife.com/content/dam/corporate/global/en/documents/pas/2022/MFC_ESGR_2022_EN.pdf○ (B) No○ (C) Not applicable, our organisation does not conduct any form of political engagement directly or through any third parties
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 12

CORE

N/A

N/A

PUBLIC

Roles and
responsibilities

143

In your organisation, which internal or external roles are responsible for implementing your approach to responsible
investment?
☑ (A) Internal role(s)Specify:
Chief-level staff (e.g. Chief Executive Officer (CEO), Chief Investment Officer (CIO) or Chief Operating Officer (COO))
Investment committee equivalent
Other chief-level staff, please specify: Chief Marketing Officer
Head of department, please specify department: Heads of asset classes, Heads of sustainable investing
Portfolio managers
Investment analysts
Dedicated responsible investment staff☑ (B) External investment managers, service providers, or other external partners or suppliersSpecify:
External managers, consultants, service provider for proxy voting○ (C) We do not have any internal or external roles with responsibility for implementing responsible investment
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 13

CORE

PGS 11

N/A

PUBLIC

Roles and
responsibilities

1

Does your organisation use responsible investment KPIs to evaluate the performance of your board members, trustees,or equivalent?
◉ (A) Yes, we use responsible investment KPIs to evaluate the performance of our board members, trustees, or
equivalent
Describe: (Voluntary)○ (B) No, we do not use responsible investment KPIs to evaluate the performance of our board members, trustees, or equivalent
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 14

CORE

PGS 11

N/A

PUBLIC

Roles and
responsibilities

1

Does your organisation use responsible investment KPIs to evaluate the performance of your senior executive-level staff(or equivalent), and are these KPIs linked to compensation?
◉ (A) Yes, we use responsible investment KPIs to evaluate the performance of our senior executive-level staff (orequivalent)
Indicate whether these responsible investment KPIs are linked to compensation◉ (1) KPIs are linked to compensation○ (2) KPIs are not linked to compensation as these roles do not have variable compensation○ (3) KPIs are not linked to compensation even though these roles have variable compensation

44

Describe: (Voluntary)○ (B) No, we do not use responsible investment KPIs to evaluate the performance of our senior executive-level staff (orequivalent)

EXTERNAL REPORTING AND DISCLOSURES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 16

CORE

N/A

N/A

PUBLIC

External reportingand disclosures

6

What elements are included in your regular reporting to clients and/or beneficiaries for the majority of your AUM?
☑ (A) Any changes in policies related to responsible investment☑ (B) Any changes in governance or oversight related to responsible investment☑ (C) Stewardship-related commitments☑ (D) Progress towards stewardship-related commitments☑ (E) Climate–related commitments☑ (F) Progress towards climate–related commitments☐ (G) Human rights–related commitments☐ (H) Progress towards human rights–related commitments☑ (I) Commitments to other systematic sustainability issues☐ (J) Progress towards commitments on other systematic sustainability issues○ (K) We do not include any of these elements in our regular reporting to clients and/or beneficiaries for the majority of our AUM
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 17

CORE

N/A

N/A

PUBLIC

External reportingand disclosures

6

During the reporting year, did your organisation publicly disclose climate-related information in line with the Task Forceon Climate-Related Financial Disclosures' (TCFD) recommendations?
☑ (A) Yes, including all governance-related recommended disclosures☑ (B) Yes, including all strategy-related recommended disclosures☑ (C) Yes, including all risk management–related recommended disclosures☑ (D) Yes, including all applicable metrics and targets-related recommended disclosures○ (E) None of the above
Add link(s):https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf

45

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 18

PLUS

N/A

N/A

PUBLIC

External reportingand disclosures

6

During the reporting year, to which international responsible investment standards, frameworks, or regulations did yourorganisation report?
☑ (A) Disclosures against the European Union's Sustainable Finance Disclosure Regulation (SFDR)
Link to example of public disclosures
https://www.manulifeglobalfund.com/global-climate-action-SFDR.html☐ (B) Disclosures against the European Union's Taxonomy☐ (C) Disclosures against the CFA's ESG Disclosures Standard☑ (D) Disclosures against other international standards, frameworks or regulations
Specify:
UK Stewardship Code

Link to example of public disclosures
https://www.manulifeim.com/institutional/global/en/stewardship-report☐ (E) Disclosures against other international standards, frameworks or regulations☑ (F) Disclosures against other international standards, frameworks or regulations
Specify:
TCFD

Link to example of public disclosures
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf☐ (G) Disclosures against other international standards, frameworks or regulations
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 19

CORE

N/A

N/A

PUBLIC

External reportingand disclosures

6

During the reporting year, did your organisation publicly disclose its membership in and support for trade associations,
think tanks or similar bodies that conduct any form of political engagement?
◉ (A) Yes, we publicly disclosed our membership in and support for trade associations, think tanks, or similar bodies
that conduct any form of political engagement46Add link(s):https://www.manulifeim.com/institutional/global/en/stewardship-reporthttps://www.manulife.com/content/dam/corporate/global/en/documents/pas/2022/MFC_ESGR_2022_EN.pdf○ (B) No, we did not publicly disclose our membership in and support for trade associations, think tanks, or similar bodies that
conduct any form of political engagement○ (C) Not applicable, we were not members in or supporters of any trade associations, think tanks, or similar bodies that conduct
any form of political engagement during the reporting year

STRATEGYCAPITAL ALLOCATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 20

CORE

N/A

N/A

PUBLIC

Capital allocation

1

Which elements do your organisation-level exclusions cover?
☑ (A) Exclusions based on our organisation's values or beliefs regarding particular sectors, products or services☐ (B) Exclusions based on our organisation's values or beliefs regarding particular regions or countries☐ (C) Exclusions based on minimum standards of business practice aligned with international norms such as the OECD
Guidelines for Multinational Enterprises, the International Bill of Human Rights, UN Security Council sanctions or the UN Global
Compact☐ (D) Exclusions based on our organisation’s climate change commitments☐ (E) Other elements○ (F) Not applicable; our organisation does not have any organisation-level exclusions
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 21

CORE

N/A

N/A

PUBLIC

Capital allocation

1

How does your responsible investment approach influence your strategic asset allocation process?
☑ (A) We incorporate ESG factors into our assessment of expected asset class risks and returns
Select from dropdown list:○ (1) for all of our AUM subject to strategic asset allocation◉ (2) for a majority of our AUM subject to strategic asset allocation○ (3) for a minority of our AUM subject to strategic asset allocation☑ (B) We incorporate climate change–related risks and opportunities into our assessment of expected asset class risks
and returns
Select from dropdown list:○ (1) for all of our AUM subject to strategic asset allocation◉ (2) for a majority of our AUM subject to strategic asset allocation○ (3) for a minority of our AUM subject to strategic asset allocation47☐ (C) We incorporate human rights–related risks and opportunities into our assessment of expected asset class risks and returns☐ (D) We incorporate risks and opportunities related to other systematic sustainability issues into our assessment of expectedasset class risks and returns○ (E) We do not incorporate ESG factors, climate change, human rights or other systematic sustainability issues into ourassessment of expected asset class risks and returns○ (F) Not applicable; we do not have a strategic asset allocation process

STEWARDSHIP: OVERALL STEWARDSHIP STRATEGY
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 22CORE

OO 8, OO 9N/A

PUBLIC

Stewardship: Overall
stewardship strategy

2

For the majority of AUM within each asset class, which of the following best describes your primary stewardshipobjective?
(1) Listed equity(2) Fixed income(3) Private equity(4) Real estate(A) Maximise our portfolio-levelrisk-adjusted returns. In doing so,
we seek to address any risks tooverall portfolio performancecaused by individual investees’
contribution to systematicsustainability issues.

◉

◉

◉

◉

(B) Maximise our individual
investments’ risk-adjusted returns.
In doing so, we do not seek toaddress any risks to overall
portfolio performance caused byindividual investees’ contribution tosystematic sustainability issues.

○

○

○

○

48

(5) Infrastructure(7) Forestry(8) Farmland(A) Maximise our portfolio-levelrisk-adjusted returns. In doing so,
we seek to address any risks tooverall portfolio performancecaused by individual investees’
contribution to systematicsustainability issues.

◉

◉

◉

(B) Maximise our individual
investments’ risk-adjusted returns.
In doing so, we do not seek toaddress any risks to overall
portfolio performance caused byindividual investees’ contribution tosystematic sustainability issues.

○

○

○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 23

PLUS

OO 5, OO 8,
OO 9

N/A

PUBLIC

Stewardship: Overall
stewardship strategy

2

How does your organisation, or the external service providers or external managers acting on your behalf, prioritise theinvestees or other entities on which to focus its stewardship efforts?
Please refer to our Stewardship report: https://www.manulifeim.com/institutional/global/en/stewardship-report49IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 24CORE

OO 8, OO 9N/A

PUBLIC

Stewardship: Overall
stewardship strategy

2Which of the following best describes your organisation's default position, or the position of the external service
providers or external managers acting on your behalf, concerning collaborative stewardship efforts?
○ (A) We recognise the value of collective action, and as a result, we prioritise collaborative stewardship efforts wherever
possible◉ (B) We collaborate on a case-by-case basis○ (C) Other○ (D) We do not join collaborative stewardship efforts
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 24.1

PLUS

OO 8, OO 9N/A

PUBLIC

Stewardship: Overall
stewardship strategy

2

Elaborate on your organisation’s default position on collaborative stewardship, or the position of the external service
providers or external investment managers acting on your behalf, including any other details on your overall approach tocollaboration.
We participate in a wide variety of collaborative engagements with industry peers, non-profits, NGOs, and supranational entities. This work
allows us to expand the scope of our sustainability-focused activity while helping us build more resilient portfolios. Our collaborative
engagements may focus on individual investments or systemic risks—and sometimes both.
Collaborative initiatives allow us to share perspectives with, and to learn from, peers and third parties as we encourage improvements
across issuers, markets, and policymakers to build investment resiliency. These collaborative engagements have proven to be a valuable
aspect of our stewardship activities.
Our collaborative efforts take various forms but typically focus on the identification and mitigation of systemic risks that may have an impact
on performance across our portfolios over a longer timeframe. Common topics for collective engagement include climate change,
governance, risk management, human rights, diversity, and appropriate sustainability disclosures. The collaborative action we may take toaddress these risks can be an effective pathway to leverage influence and enact change with the goal of reducing risk and capturing
opportunities. Our activities may target change at a systemic level through our influence with standards setters as they create and update
frameworks, or we may engage with issuers to encourage best practices in management of sustainability issues. Through either avenue,
we’re working to build iterative resiliency across our portfolios.
For additional information, please refer to our stewardship report: https://www.manulifeim.com/institutional/global/en/stewardship-report50IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 26

PLUS

OO 8, OO 9,
PGS 1

N/A

PUBLIC

Stewardship: Overall
stewardship strategy

2

How does your organisation ensure that its policy on stewardship is implemented by the external service providers towhich you have delegated stewardship activities?
☐ (A) Example(s) of measures taken when selecting external service providers:☐ (B) Example(s) of measures taken when designing engagement mandates and/or consultancy agreements for external service
providers:☑ (C) Example(s) of measures taken when monitoring the stewardship activities of external service providers:Manulife Investment Management utilizes a proxy voting vendor to provide research and recommendations related to proxy voting. Manulife
Investment Management holds a due diligence review of our proxy vendor on an annual basis. Functional specialists from across the firm
attend this meeting, including leaders from procurement, compliance, legal, operations, information security, and investments, to ensure thatvarious aspects of the proxy vendor’s operations and business are closely scrutinized. We review ethics and conflicts of interest policies,
regulatory updates, holdings management, vote execution, research, policy development, information security, service updates, andmaterial changes to the vendor business over the past year. Items from this meeting can drive dialogue between Manulife Investment
Management and the proxy vendor over the following months as we gather relevant information and work toward service enhancements.
We also request that the proxy voting research service provider deliver updates regarding any business changes that alter that firm’s ability
to provide independent proxy voting advice and services aligned with our policies. Where we use a third-party research provider for either
voting recommendations or voting execution (or both), we may assess prepopulated votes shown on the vendor’s electronic voting platform
before such votes are cast to ensure alignment with the voting principles.
In addition to our annual due diligence, in 2022, our equity and sustainable investment teams met with our proxy vendor to discuss gaps wefound in their issuer research at specific company annual meetings. The vendor subsequently updated its processes for reviewing research
to ensure consistency across its work through a new approval process.
More information is available in our stewardship report: https://www.manulifeim.com/institutional/global/en/stewardship-report and our proxyvoting policy: https://www.manulifeim.com/content/dam/mim-institutional/global/documents/policies/Manulife-IM-Global-Proxy-Voting-Policyand-Procedures.pdf

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 27

PLUS

OO 8, OO 9N/A

PUBLIC

Stewardship: Overall
stewardship strategy

2

How are your organisation’s stewardship activities linked to your investment decision making, and vice versa?

51

Please refer to our stewardship report: https://www.manulifeim.com/institutional/global/en/stewardship-report

STEWARDSHIP: (PROXY) VOTING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 29CORE

OO 9, PGS 1

N/A

PUBLIC

Stewardship: (Proxy)
voting2

When you use external service providers to give recommendations, how do you ensure those recommendations are
consistent with your organisation's (proxy) voting policy?
☑ (A) Before voting is executed, we review external service providers' voting recommendations for controversial andhigh-profile votes
Select from the below list:○ (1) in all cases○ (2) in a majority of cases◉ (3) in a minority of cases☑ (B) Before voting is executed, we review external service providers' voting recommendations where the application of
our voting policy is unclear
Select from the below list:◉ (1) in all cases○ (2) in a majority of cases○ (3) in a minority of cases○ (D) We do not review external service providers’ voting recommendations○ (E) Not applicable; we do not use external service providers to give voting recommendations
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 30

CORE

OO 9

N/A

PUBLIC

Stewardship: (Proxy)
voting2

How is voting addressed in your securities lending programme?
○ (A) We recall all securities for voting on all ballot items◉ (B) When a vote is deemed important according to pre-established criteria (e.g. high stake in the company), we recall
all our securities for voting
Provide details on these criteria:
To preserve our influence through voting rights, we follow a process that, on a best-efforts basis, restricts and recalls shares fromloans during that time for issuers where we own 2% of shares outstanding or more. We believe this is in clients’ best interests as it
strikes a balance between generating additional revenue from lending for our client funds and ensuring we hold our rights where wehave significant influence.

○ (C) Other○ (D) We do not recall our securities for voting purposes○ (E) Not applicable; we do not have a securities lending programme52

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 31CORE

OO 9.1

N/A

PUBLIC

Stewardship: (Proxy)
voting2

For the majority of votes cast over which you have discretion to vote, which of the following best describes your decision
making approach regarding shareholder resolutions (or that of your external service provider(s) if decision making isdelegated to them)?
◉ (A) We vote in favour of resolutions expected to advance progress on our stewardship priorities, including affirming acompany's good practice or prior commitment○ (B) We vote in favour of resolutions expected to advance progress on our stewardship priorities, but only if the investee
company has not already publicly committed to the action(s) requested in the proposal○ (C) We vote in favour of shareholder resolutions only as an escalation measure○ (D) We vote in favour of the investee company management’s recommendations by default○ (E) Not applicable; we do not vote on shareholder resolutions
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 32

CORE

OO 9

N/A

PUBLIC

Stewardship: (Proxy)
voting2

During the reporting year, how did your organisation, or your external service provider(s), pre-declare voting intentions
prior to voting in annual general meetings (AGMs) or extraordinary general meetings (EGMs)?
☐ (A) We pre-declared our voting intentions publicly through the PRI's vote declaration system on the Resolution Database☐ (B) We pre-declared our voting intentions publicly by other means, e.g. through our website☐ (C) We privately communicated our voting decision to investee companies prior to the AGM/EGM◉ (D) We did not privately or publicly communicate our voting intentions prior to the AGM/EGM○ (E) Not applicable; we did not cast any (proxy) votes during the reporting year
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 33CORE

OO 9

PGS 33.1

PUBLIC

Stewardship: (Proxy)
voting2

After voting has taken place, do you publicly disclose your (proxy) voting decisions or those made on your behalf by yourexternal service provider(s), company by company and in a central source?
○ (A) Yes, for all (proxy) votes◉ (B) Yes, for the majority of (proxy) votes

53

Add link(s):https://vds.issgovernance.com/vds/#/MTAzNDA3/○ (C) Yes, for a minority of (proxy) votes○ (D) No, we do not publicly report our (proxy) voting decisions company-by-company and in a central source
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 33.1

CORE

PGS 33

N/A

PUBLIC

Stewardship: (Proxy)
voting2

In the majority of cases, how soon after an investee's annual general meeting (AGM) or extraordinary general meeting(EGM) do you publish your voting decisions?
○ (A) Within one month of the AGM/EGM◉ (B) Within three months of the AGM/EGM○ (C) Within six months of the AGM/EGM○ (D) Within one year of the AGM/EGM○ (E) More than one year after the AGM/EGM
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 34

CORE

OO 9

N/A

PUBLIC

Stewardship: (Proxy)
voting2

After voting has taken place, did your organisation, and/or the external service provider(s) acting on your behalf,
communicate the rationale for your voting decisions during the reporting year?
(1) In cases where we abstained or
voted against management
recommendations(2) In cases where we voted against
an ESG-related shareholder resolution(B) Yes, we privately
communicated the rationale to thecompany(3) for a minority of votes(3) for a minority of votes(C) We did not publicly or privately
communicate the rationale, or we
did not track this information○○(A) Yes, we publicly disclosed therationale

54

(D) Not applicable; we did not
abstain or vote against
management recommendations or
ESG-related shareholder
resolutions during the reporting
year

○

○

STEWARDSHIP: ESCALATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 36CORE

OO 8, OO 9N/A

PUBLIC

Stewardship:
Escalation2

For your listed equity holdings, what escalation measures did your organisation, or the external investment managers orservice providers acting on your behalf, use in the past three years?
(1) Listed equity(A) Joining or broadening an
existing collaborative engagement
or creating a new one☑

(B) Filing, co-filing, and/or
submitting a shareholder resolution
or proposal☐(C) Publicly engaging the entity,e.g. signing an open letter☐(D) Voting against the re-electionof one or more board directors☑

(E) Voting against the chair of theboard of directors, or equivalent,e.g. lead independent director☑

(F) Divesting☑

(G) Litigation☐

55

(H) Other☐(I) In the past three years, we did
not use any of the above
escalation measures for our listed
equity holdings○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 37

CORE

Multiple, seeguidance

N/A

PUBLIC

Stewardship:
Escalation2

For your corporate fixed income assets, what escalation measures did your organisation, or the external investment
managers or service providers acting on your behalf, use in the past three years?
☑ (A) Joining or broadening an existing collaborative engagement or creating a new one☐ (B) Publicly engaging the entity, e.g. signing an open letter☑ (C) Not investing☑ (D) Reducing exposure to the investee entity☑ (E) Divesting☐ (F) Litigation☑ (G) Other
Specify:
Voting against the re-election of one or more board directors○ (H) In the past three years, we did not use any of the above escalation measures for our corporate fixed income assets

STEWARDSHIP: ENGAGEMENT WITH POLICY MAKERS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 39CORE

OO 8, OO 9

PGS 39.1,
PGS 39.2

PUBLIC

Stewardship:
Engagement with
policy makers

2

Did your organisation, or the external investment managers or service providers acting on your behalf, engage with policy
makers as part of your responsible investment approach during the reporting year?
☑ (A) Yes, we engaged with policy makers directly☑ (B) Yes, we engaged with policy makers through the leadership of or active participation in working groups orcollaborative initiatives, including via the PRI☑ (C) Yes, we were members of, supported, or were in another way affiliated with third party organisations, including
trade associations and non-profit organisations, that engage with policy makers, excluding the PRI

56

○ (D) We did not engage with policy makers directly or indirectly during the reporting year beyond our membership in the PRI
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 39.1

CORE

PGS 39N/A

PUBLIC

Stewardship:
Engagement with
policy makers

2During the reporting year, what methods did you, or the external investment managers or service providers acting on yourbehalf, use to engage with policy makers as part of your responsible investment approach?
☑ (A) We participated in 'sign-on' letters☑ (B) We responded to policy consultations☑ (C) We provided technical input via government- or regulator-backed working groups
Describe:
The regulatory environment and momentum around sustainable investing have shifted significantly over the last several years. As
we navigate these regulatory developments, we work to influence policymakers and advocate for an operating environment thatencourages sustainable business operations, protects and enhances investor rights, and encourages better disclosure of material
nonfinancial data and information. we’ve found significant benefits in partnering through investment manager associations, including
the Securities Industry and Financial Markets Association (SIFMA) and the Investment Company Institute (ICI Global). Our industry
associations facilitate peer dialogue on developing regulations and disclosure frameworks that provide a forum to deliberate over the
potential impact of certain proposed policies and ultimately provide constructive feedback to regulators and other standards-setting
bodies through comment letters and related engagement.
In 2022, Manulife Investment Management demonstrated support for responsible investment activities as investors with other asset
managers and asset owners; we signed, for example, the 2022 Global Investor Statement to Governments on the Climate Crisis.
We also continued contributing to several working groups organized by various ministries of the Japanese government focused onbuilding guidelines on climate transition in finance, green bond guidelines, and a code of conduct for ESG evaluation and data
providers, among other focus areas.

☐ (D) We engaged policy makers on our own initiative☐ (E) Other methods
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 39.2

CORE

PGS 39N/A

PUBLIC

Stewardship:
Engagement with
policy makers

2During the reporting year, did your organisation publicly disclose details of your engagement with policy makers
conducted as part of your responsible investment approach, including through external investment managers or service
providers?
☐ (A) We publicly disclosed all our policy positions☑ (B) We publicly disclosed details of our engagements with policy makers
Add link(s):57https://www.manulifeim.com/institutional/global/en/stewardship-report○ (C) No, we did not publicly disclose details of our engagement with policy makers conducted as part of our responsible
investment approach during the reporting year

STEWARDSHIP: EXAMPLES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 40PLUS

OO 8, OO 9N/A

PUBLIC

Stewardship:
Examples2

Provide examples of stewardship activities that you conducted individually or collaboratively during the reporting yearthat contributed to desired changes in the investees, policy makers or other entities with which you interacted.
(A) Example 1:
Title of stewardship activity:
Worker safety in oil and gas company(1) Led by◉ (1) Internally led○ (2) External service provider led○ (3) Led by an external investment manager, real assets third-party operator and/or external property manager(2) Primary focus of stewardship activity☐ (1) Environmental factors☑ (2) Social factors☑ (3) Governance factors(3) Asset class(es)☑ (1) Listed equity☐ (2) Fixed income☐ (3) Private equity☐ (4) Real estate☐ (5) Infrastructure☐ (6) Hedge funds☐ (7) Forestry☐ (8) Farmland☐ (9) Other(4) Description of the activity and what was achieved. For collaborative activities, provide detail on your individual contribution.

58

In a large North America oil and gas company, the investment team was concerned that this issuer had several worker accidents in
its operations over the past years.
Action: Our team reviewed safety practices versus peers and consulted with our internal sustainable investment team to identify
engagement points and suggestions with the company. We then engaged with the company to identify our concerns around safety
culture and reporting as well as to encourage the company to review compensation incentives around employee safety throughout
the organization.
Outcome: This remains an ongoing engagement and we are monitoring progress. At the end of 2022, however, the company
announced that it was planning to reduce the number of contract employees and to bring more positions ‘in-house’ for increased
control and oversight over employee safety. The company also announced compensation incentive reform to increase alignment
with performance on worker safety.

(B) Example 2:
Title of stewardship activity:
Restoring the longleaf pine savanna in East Texas(1) Led by◉ (1) Internally led○ (2) External service provider led○ (3) Led by an external investment manager, real assets third-party operator and/or external property manager(2) Primary focus of stewardship activity☑ (1) Environmental factors☐ (2) Social factors☐ (3) Governance factors(3) Asset class(es)☐ (1) Listed equity☐ (2) Fixed income☐ (3) Private equity☐ (4) Real estate☐ (5) Infrastructure☐ (6) Hedge funds☑ (7) Forestry☐ (8) Farmland☐ (9) Other(4) Description of the activity and what was achieved. For collaborative activities, provide detail on your individual contribution.
Action: Manulife Investment Management's Senior Forester Ragan Bounds, who’s been working on the same half-million+ acre landbase in East Texas for almost four decades, initiated a multi-year project to enhance and restore the original longleaf pine savanna
on Manulife Investment Management properties. The project focused on replacing the dense understory with native grasses andgradually expanding the effort to cover approximately 200 acres of timberland in one of our working forests.
The first step to restoring the original longleaf pine savanna forest was to conduct a selective thinning that yielded a modest income
and left a mostly pure longleaf pine overstory, which was completed by May 2019. The next phase involved applying a speciallydesigned, onetime treatment to eliminate the dense hardwood and yaupon midstory component of the property. While thisnecessary step may sound destructive, in the long term, it has the potential to greatly enhance the forest’s native biodiversity andresilience.

59

Working with the Texas Longleaf Team as a board member representing Manulife Investment Management, Ragan applied for a
grant through the National Fish and Wildlife Foundation to partially pay for the understory spray and a follow-up controlled burn. A
year later, Ragan and team cleaned up the dead understory and spread a formulated seed mixture for native grasses that had beenshown to thrive in the East Texas Piney Woods, which is home to four national forests that stretch from the northeast corner ofTexas to the Gulf Coast.
Outcome: This restoration project brings great ecological value to the property and the region, given the natural species richness ofthe diverse longleaf pine savanna. This forest type provides a habitat for a variety of species, including the eastern wild turkey,
subspecies of the northern bobwhite, and red-cockaded woodpeckers, along with federally endangered plant species such as the
Texas trailing phlox. While there’s a limited amount of longleaf pine on the land base, the project—which was conducted at minimal
cost—has the potential to fully restore old stands and establish new ones, accompanied by the native savanna that enhances thenatural biodiversity of the region.

(C) Example 3:
Title of stewardship activity:
Executive Compensation warnings at a software company(1) Led by◉ (1) Internally led○ (2) External service provider led○ (3) Led by an external investment manager, real assets third-party operator and/or external property manager(2) Primary focus of stewardship activity☐ (1) Environmental factors☐ (2) Social factors☑ (3) Governance factors(3) Asset class(es)☑ (1) Listed equity☐ (2) Fixed income☐ (3) Private equity☐ (4) Real estate☐ (5) Infrastructure☐ (6) Hedge funds☐ (7) Forestry☐ (8) Farmland☐ (9) Other(4) Description of the activity and what was achieved. For collaborative activities, provide detail on your individual contribution.
Action: Over several years, the team engaged with the management of a Canadian software firm to encourage the adoption of a
return-on-invested capital (ROIC) metric in the executive compensation plan in order to incentivize management not to pursue
value-neutral, or potentially value-destroying, acquisitions. The company acknowledged our concerns but did not make therequested change through these engagements. The team decided to exit their position in the firm due in part to lack of
responsiveness on this issue, along with high leverage and slow organic growth.
Outcome: Shortly after the team divested, the firm made a large acquisition that caused share value to drop significantly. The
company’s “say-on-pay” vote also subsequently failed, potentially due to a ‘pay-for-performance’ disconnect.

(D) Example 4:
Title of stewardship activity:
Building a green bond framework with Canadian Peers60

(1) Led by○ (1) Internally led○ (2) External service provider led◉ (3) Led by an external investment manager, real assets third-party operator and/or external property manager(2) Primary focus of stewardship activity☑ (1) Environmental factors☐ (2) Social factors☑ (3) Governance factors(3) Asset class(es)☐ (1) Listed equity☑ (2) Fixed income☐ (3) Private equity☐ (4) Real estate☐ (5) Infrastructure☐ (6) Hedge funds☐ (7) Forestry☐ (8) Farmland☐ (9) Other(4) Description of the activity and what was achieved. For collaborative activities, provide detail on your individual contribution.
Action: With other peers, our fixed-income and sustainable investment professionals provided feedback to the structuring advisor on
multiple points, including on nature and biodiversity measures and projects eligible for expenditure from proceeds.
Outcome: The Government of Canada released its Green Bond Framework in March 2022 with several components focused onnature and biodiversity, including:
Use of proceeds may include:- Reforestation/afforestation- Restoration of wetlands, peatlands, grasslands, and marine ecosystems- Protection of at-risk species
Potential reporting impact indicators include:- Hectares of area improved or conserved- Number of species at risk benefiting from conservation action- Number of trees planted(E) Example 5:
Title of stewardship activity:
Developing the Climate Change Resilience Sustainable Building Standard(1) Led by◉ (1) Internally led○ (2) External service provider led○ (3) Led by an external investment manager, real assets third-party operator and/or external property manager(2) Primary focus of stewardship activity☑ (1) Environmental factors☐ (2) Social factors☐ (3) Governance factors

61

(3) Asset class(es)☐ (1) Listed equity☐ (2) Fixed income☐ (3) Private equity☑ (4) Real estate☐ (5) Infrastructure☐ (6) Hedge funds☐ (7) Forestry☐ (8) Farmland☐ (9) Other(4) Description of the activity and what was achieved. For collaborative activities, provide detail on your individual contribution.
Action: Beginning in 2020, we began to assess our climate risk resilience. We used forward-looking, third-party climate risk data toevaluate our global portfolio’s exposure to climate and extreme weather risks. These risks include floods, sea-level rise, extreme
windstorms, wildfire, heat stress, water stress, and earthquakes. We also inventoried our entire portfolio for property resilience—thepresence of features and practices such as risk awareness, resilience management, emergency management, business continuity,and building attributes that help mitigate climate risks.
Outcome: The results of this assessment led to the development of our Climate Change Resilience Sustainable Building Standard,
which incorporates risk and resilience practices into property operations.
It enhances property resilience through a range of initiatives, including education, emergency planning, and resilience assessments
and improvements.
To support our property teams with education and implementation of this new standard, we provided training and a property
resilience tool kit. The tool kit helps teams screen and prioritize resilience improvements based on their climate risk exposure andexisting resilience measures and practices.

CLIMATE CHANGE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 41

CORE

N/A

PGS 41.1

PUBLICClimate change

General

Has your organisation identified climate-related risks and opportunities affecting your investments?
☑ (A) Yes, within our standard planning horizon
Specify the risks and opportunities identified and your relevant standard planning horizon:

62

Although there’s no set rule for short-, medium-, and long-term time horizons for climate-related issues, short term usually refers tothrough 2024, medium term refers to 2025 to 2035, and long term refers to 2035 to 2050 or 2100.
Risks and opportunities can have financial impacts over short-, medium-, and long-term time horizons. Policy and legal risks can beshort term, as they aim to help mitigate climate change before it happens; the promise of new technology can also sometimes bequickly recognized in the market. Reputational damage can have more lasting medium-term impacts, similar to the effects ofchanging customer behavior. The severity of physical risks tends to be more certain over the longer term, but acute weather events
can be unpredictable and may happen in the near term. The prospect of stranded assets is also more predictable over the long term
but is increasingly priced into financial markets today; examples of stranded assets could be due to GHG regulations, rapid
technology switching, or physical risks (chronic and acute) leading to uneconomical operation of an asset.
We aim to identify these risks in our research, which is reflected in our investment selection, valuation, and portfolio construction; wealso believe that scenario analysis is a meaningful tool to understand the impact of climate change. In those asset classes in which
we’ve developed scenario analysis, most portfolios show that climate transition risk—or the general cost associated with movingfrom a current business-as-usual scenario in the direction of a more carbon-neutral future— represents a significant portfolio risk.
Physical hazard risk, or the cost impact associated with extreme weather events, which we identified in our initial analysis as
extreme heat, coastal flooding, and tropical cyclones, is also critical to assess at a portfolio level. Both types of risk can often bepartially or fully offset by climate-related opportunities.

☑ (B) Yes, beyond our standard planning horizon
Specify the risks and opportunities identified and your relevant standard planning horizon:
See response in A.

○ (C) No, we have not identified climate-related risks and/or opportunities affecting our investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 41.1

CORE

PGS 41

N/A

PUBLICClimate change

General

Does your organisation integrate climate-related risks and opportunities affecting your investments in its overall
investment strategy, financial planning and (if relevant) products?
◉ (A) Yes, our overall investment strategy, financial planning and (if relevant) products integrate climate-related risks
and opportunities
Describe how climate-related risks and opportunities have affected or are expected to affect your investment strategy, financial
planning and (if relevant) products:
The climate-related risks and opportunities that we identify are integrated into our investment process and managed in our businessstrategy and planning. In our integration process, we focus on attractive risk-adjusted returns and portfolio resiliency over the longterm. We factor in differences across asset classes, industries, geographies, and operating models, and as climate science evolves,
so too does our approach.
There’s no single dataset that perfectly captures the risks of climate change effects. For this reason, we apply an active approach tointernal and third-party data and use tools that we complement with our own industry knowledge and firsthand experience. This
expertise is built through engagement to understand companies’ vulnerabilities and strengths and through our own stewardshipefforts, in which we seek to understand the full spectrum of risks and opportunities related to our owned and operated assets.

63

We develop differentiated analytical techniques, including scenario analysis, to inform our security selection and valuation; scenario
analysis can also inform portfolio positioning. Our investment teams that currently use scenario analysis are most often using 1.5˚C,
2˚C, 3˚C, and 4˚C scenarios, although these are complemented by many teams’ inclusion of carbon pricing and assessment in theiranalysis. However, we also go beyond buy and sell decisions to include engagement focused on climate action and active
stewardship in our investment process.
We share sustainability goals with our clients. We’ve been building our sustainable investing capabilities to help clients guard
against climate risks, while seeking to invest in companies that we believe contribute to sustainable climate solutions. In addition, we
continue to develop thematic products and investment strategies as potential options for our clients. Because we view climaterelated risks as systemic, we also contribute to external initiatives and collaborative industry engagements as appropriate.

○ (B) No, our organisation has not yet integrated climate-related risks and opportunities into its investment strategy, financial
planning and (if relevant) products
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 43

CORE

N/A

N/A

PUBLICClimate change

General

Has your organisation assessed the resilience of its investment strategy in different climate scenarios, including one inwhich the average temperature rise is held to below 2 degrees Celsius (preferably to 1.5 degrees Celsius) above preindustrial levels?
☐ (A) Yes, using the Inevitable Policy Response Forecast Policy Scenario (FPS) or Required Policy Scenario (RPS)☐ (B) Yes, using the One Earth Climate Model scenario☐ (C) Yes, using the International Energy Agency (IEA) Net Zero scenario☑ (D) Yes, using other scenarios
Specify:
Our investment teams that currently use scenario analysis are most often using 1.5˚C, 2˚C, 3˚C, and 4˚C scenarios, although these
are complemented by many teams’ inclusion of carbon pricing and assessment in their analysis.

○ (E) No, we have not assessed the resilience of our investment strategy in different climate scenarios, including one that holds
temperature rise to below 2 degrees
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 44

CORE

N/A

N/A

PUBLICClimate change

General

Does your organisation have a process to identify, assess, and manage the climate-related risks (potentially) affecting
your investments?
☑ (A) Yes, we have a process to identify and assess climate-related risks(1) Describe your process64

We identify and assess climate risks in our clients’ investment portfolios through public disclosure and third-party sources, as well as
through our own research, company engagement, and collaborative initiatives.
For our investee companies, as well as for assets we own and operate, we consider and incorporate external assessments andinformation from different sources. We apply tools designed to analyze carbon emissions, conduct scenario analysis, examine fossil
fuel reserves, and formulate conclusions about physical and transition risks, along with other topics across the climate-related risk
spectrum.
We also obtain climate risk data from companies’ publicly disclosed documents. Meanwhile, we can engage with companies when
they don't sufficiently disclose and in cases in which data providers have information gaps.

(2) Describe how this process is integrated into your overall risk management
At Manulife Investment Management, the climate-related risks and opportunities that we identify are integrated into our investment
process and managed in our business strategy and planning. In our integration process, we focus on attractive risk-adjusted returns
and portfolio resiliency over the long term. We factor in differences across asset classes, industries, geographies, and operating
models, and as climate science evolves, so too does our approach.
In our infrastructure and private equity and credit businesses, we have integrated climate risk assessments into our due diligenceand post-investment processes. During due diligence, we assess both physical and transition climate-related risks when material.
Post-investment, we monitor climate-related metrics across our portfolio, measure emissions, and further assess climate risks oropportunities.
For our publicly listed asset classes, our fundamental investment process goes beyond financial statement analysis and involves
ongoing monitoring of a company’s (or other entity’s) strategies, capital structure, and management of ESG risks and opportunities.
Within the daily risk report encompassing each strategy, climate metrics are provided to describe those issuers with a higher climate
exposure; additional specifics are found in climate tools that are available to our public markets investments teams.

☑ (B) Yes, we have a process to manage climate-related risks(1) Describe your process
As stated in our Climate Change Statement, we may take a variety of actions toward managing climate-related risks andopportunities across our investments. Broadly summarized, our available actions relate to asset allocation and selection, investment
analysis and research, proxy voting, mitigating direct GHG emissions, deploying sustainability management best practices for
operated assets, and participating in collaborative engagements focused on climate initiatives.

(2) Describe how this process is integrated into your overall risk management
The combination of our sustainability-focused activities in assets we own and operate, rigorous fundamental research, proprietary
ESG assessments, third-party providers and direct collection of climate-related data enables us to manage climate-related risks
within the parameters of a specific product or investment strategy.

○ (C) No, we do not have any processes to identify, assess, or manage the climate-related risks affecting our investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 45

CORE

N/A

N/A

PUBLICClimate change

GeneralDuring the reporting year, which of the following climate risk metrics or variables affecting your investments did yourorganisation use and disclose?
☑ (A) Exposure to physical risk65

(1) Indicate whether this metric or variable was used and disclosed, including the methodology◉ (1) Metric or variable used
○ (2) Metric or variable used and disclosed○ (3) Metric or variable used and disclosed, including methodology☑ (B) Exposure to transition risk
(1) Indicate whether this metric or variable was used and disclosed, including the methodology◉ (1) Metric or variable used
○ (2) Metric or variable used and disclosed○ (3) Metric or variable used and disclosed, including methodology☑ (C) Internal carbon price(1) Indicate whether this metric or variable was used and disclosed, including the methodology◉ (1) Metric or variable used
○ (2) Metric or variable used and disclosed○ (3) Metric or variable used and disclosed, including methodology☑ (D) Total carbon emissions(1) Indicate whether this metric or variable was used and disclosed, including the methodology○ (1) Metric or variable used
○ (2) Metric or variable used and disclosed◉ (3) Metric or variable used and disclosed, including methodology(2) Provide link to the disclosed metric or variable, including the methodology followed, as applicable
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf☑ (E) Weighted average carbon intensity(1) Indicate whether this metric or variable was used and disclosed, including the methodology○ (1) Metric or variable used
○ (2) Metric or variable used and disclosed◉ (3) Metric or variable used and disclosed, including methodology(2) Provide link to the disclosed metric or variable, including the methodology followed, as applicable
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf☑ (F) Avoided emissions(1) Indicate whether this metric or variable was used and disclosed, including the methodology○ (1) Metric or variable used
○ (2) Metric or variable used and disclosed◉ (3) Metric or variable used and disclosed, including methodology(2) Provide link to the disclosed metric or variable, including the methodology followed, as applicable
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf☑ (G) Implied Temperature Rise (ITR)(1) Indicate whether this metric or variable was used and disclosed, including the methodology◉ (1) Metric or variable used
○ (2) Metric or variable used and disclosed○ (3) Metric or variable used and disclosed, including methodology☐ (H) Non-ITR measure of portfolio alignment with UNFCCC Paris Agreement goals☐ (I) Proportion of assets or other business activities aligned with climate-related opportunities☐ (J) Other metrics or variables66

○ (K) Our organisation did not use or disclose any climate risk metrics or variables affecting our investments during the reportingyear
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 46

CORE

N/A

N/A

PUBLICClimate change

GeneralDuring the reporting year, did your organisation disclose its Scope 1, Scope 2, and/or Scope 3 greenhouse gas
emissions?
☑ (A) Scope 1 emissions(1) Indicate whether this metric was disclosed, including the methodology○ (1) Metric disclosed◉ (2) Metric and methodology disclosed(2) Provide links to the disclosed metric and methodology, as applicable
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf
https://www.manulife.com/content/dam/corporate/global/en/documents/pas/2022/MFC_ESGR_2022_EN.pdf☑ (B) Scope 2 emissions(1) Indicate whether this metric was disclosed, including the methodology○ (1) Metric disclosed◉ (2) Metric and methodology disclosed(2) Provide links to the disclosed metric and methodology, as applicable
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf
https://www.manulife.com/content/dam/corporate/global/en/documents/pas/2022/MFC_ESGR_2022_EN.pdf☑ (C) Scope 3 emissions (including financed emissions)(1) Indicate whether this metric was disclosed, including the methodology○ (1) Metric disclosed◉ (2) Metric and methodology disclosed(2) Provide links to the disclosed metric and methodology, as applicable
https://www.manulifeim.com/content/dam/mim-institutional/global/documents/resources/Climate-related-financial-disclosures-2021EN.pdf
https://www.manulife.com/content/dam/corporate/global/en/documents/pas/2022/MFC_ESGR_2022_EN.pdf○ (D) Our organisation did not disclose its Scope 1, Scope 2, or Scope 3 greenhouse gas emissions during the reporting year67

SUSTAINABILITY OUTCOMES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 47CORE

N/A

Multiple
indicators

PUBLIC

Sustainability
outcomes1, 2

Has your organisation identified the intended and unintended sustainability outcomes connected to its investment
activities?
◉ (A) Yes, we have identified one or more specific sustainability outcomes connected to our investment activities○ (B) No, we have not yet identified the sustainability outcomes connected to any of our investment activities
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 47.1

CORE

PGS 47

N/A

PUBLIC

Sustainability
outcomes

1, 2Which widely recognised frameworks has your organisation used to identify the intended and unintended sustainability
outcomes connected to its investment activities?
☐ (A) The UN Sustainable Development Goals (SDGs) and targets☑ (B) The UNFCCC Paris Agreement☐ (C) The UN Guiding Principles on Business and Human Rights (UNGPs)☐ (D) OECD frameworks: OECD Guidelines for Multinational Enterprises and Guidance on Responsible Business Conduct for
Institutional Investors☐ (E) The EU Taxonomy☐ (F) Other relevant taxonomies☐ (G) The International Bill of Human Rights☐ (H) The International Labour Organization’s Declaration on Fundamental Principles and Rights at Work and the eight core
conventions☐ (I) The Convention on Biological Diversity☑ (J) Other international framework(s)Specify:
SASB standards through the ISSB and TCFD

☐ (K) Other regional framework(s)☑ (L) Other sectoral/issue-specific framework(s)Specify:
GRESB Real Estate Assessment○ (M) Our organisation did not use any widely recognised frameworks to identify the intended and unintended sustainability
outcomes connected to its investment activities

68IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 47.2

CORE

PGS 47

PGS 48

PUBLIC

Sustainability
outcomes

1, 2What are the primary methods that your organisation has used to determine the most important intended and unintended
sustainability outcomes connected to its investment activities?
☑ (A) Identify sustainability outcomes that are closely linked to our core investment activities☐ (B) Consult with key clients and/or beneficiaries to align with their priorities☐ (C) Assess which actual or potential negative outcomes for people are most severe based on their scale, scope, andirremediable character☑ (D) Identify sustainability outcomes that are closely linked to systematic sustainability issues☐ (E) Analyse the input from different stakeholders (e.g. affected communities, civil society, trade unions or similar)☑ (F) Understand the geographical relevance of specific sustainability outcome objectives☐ (G) Other method○ (H) We have not yet determined the most important sustainability outcomes connected to our investment activities
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PGS 48

CORE

PGS 47.2

PGS 48.1,
SO 1

PUBLIC

Sustainability
outcomes1, 2

Has your organisation taken action on any specific sustainability outcomes connected to its investment activities,
including to prevent and mitigate actual and potential negative outcomes?
◉ (A) Yes, we have taken action on some of the specific sustainability outcomes connected to our investment activities○ (B) No, we have not yet taken action on any specific sustainability outcomes connected to our investment activities

69

MANAGER SELECTION, APPOINTMENT AND
MONITORING (SAM)
OVERALL APPROACH
EXTERNAL INVESTMENT MANAGERS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 1

CORE

OO 21

N/A

PUBLIC

External investment
managers

4

For the majority of your externally managed AUM in each asset class, which responsible investment aspects does yourorganisation consider important in the assessment of external investment managers?
(1) Listed
equity(active)(2) Listed
equity(passive)(3) Fixed
income(active)(4) Fixed
income(passive)(5) Private
equity(A) Commitment to and experience
in responsible investment

☑

☑

☑

☑

☑

(B) Responsible investment
policy(ies)

☑

☑

☑

☑

☑

(C) Governance structure andsenior-level oversight andaccountability

☑

☑

☑

☑

☑

(D) Adequate resourcing andincentives

☑

☑

☑

☑

☑

(E) Staff competencies andexperience in responsible
investment

☑

☑

☑

☑

☑

Organisation

People and Culture

70

Investment Process(F) Incorporation of material ESG
factors in the investment process

☑

☑

☑

☑

☑

(G) Incorporation of risks
connected to systematicsustainability issues in theinvestment process

☑

☑

☑

☑

☑

(H) Incorporation of material ESG
factors and ESG risks connected
to systematic sustainability issues
in portfolio risk assessment

☑

☑

☑

☑

☑

(I) Policy(ies) or guidelines on
stewardship

☑

☑

☑

☑

☑

(J) Policy(ies) or guidelines on(proxy) voting

☑

☑

☐

☐

☐

(K) Use of stewardship tools andactivities

☑

☑

☑

☑

☑

(L) Incorporation of risks
connected to systematicsustainability issues in stewardshippractices

☑

☑

☑

☑

☑

(M) Involvement in collaborative
engagement and stewardshipinitiatives

☐

☐

☐

☐

☑

(N) Engagement with policy
makers and other non-investee
stakeholders

☐

☐

☐

☐

☐

(O) Results of stewardship
activities

☑

☑

☑

☑

☑

Stewardship

Performance and Reporting71

(P) ESG disclosure in regular client
reporting

☑

☑

☑

☑

☑

(Q) Inclusion of ESG factors incontractual agreements

☐

☐

☐

☐

☑

(R) We do not consider any of theabove responsible investment
aspects important in theassessment of external investment
managers

○

○

○

○

○

SERVICE PROVIDERS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 2

CORE

OO 21

N/A

PUBLIC

Service providers

4

Which responsible investment aspects does your organisation consider important when assessing all service providers
that advise you in the selection, appointment and/or monitoring of external investment managers?
☐ (A) Incorporation of their responsible investment policy into advisory services☐ (B) Ability to accommodate our responsible investment policy☐ (C) Level of staff’s responsible investment expertise☐ (D) Use of data and analytical tools to assess the external investment manager’s responsible investment performance☐ (E) Other○ (F) We do not consider any of the above responsible investment aspects important when assessing service providers thatadvise us in the selection, appointment and/or monitoring of external investment managers◉ (G) Not applicable; we do not engage service providers in the selection, appointment or monitoring of external
investment managers

POOLED FUNDS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 3

PLUS

OO 5.2, OO 21

N/A

PUBLIC

Pooled funds

4

If you invest in pooled funds, describe how you incorporate responsible investment aspects into the selection,
appointment and/or monitoring of external investment managers.

72

Provide example(s) below(A) Selection

For our public listed equity and fixed income assets, the Manulife Global Manager Research (“GMR”)
team’s due diligence of an investment strategy prior to selection of an investment manager includes thestrategy's responsible investing procedures. The Global Manager Research team has access toproprietary ESG assessment tools leveraging various third-party providers to provide insight into security
level and portfolio level statistics. The GMR due diligence questionnaire provided to all managers prior to
selection includes questions on sustainability and stewardship.

(B)
Appointment

Where sustainability is a requirement of the mandate, the sustainability outcomes are agreed to with the
manager and appropriate monitoring is put in place. (example: Monitoring the Sustainability Indicators and
PAIs on Article 8 or Article 9 SFDR funds).

(C) Monitoring

Each member of the Global Manager Research team is provided training on how to use our proprietary
ESG assessment tools, leveraging various third-party providers to provide insight into security level andportfolio level statistics. Each manager is subjected to an on-site due diligence meeting no less thanannually, and responsible investing is a mandatory topic at each of these meetings, requiring theattendance of the subject firm’s Chief Sustainability Officer or lead ESG analyst. The due diligencequestionnaire incorporating sustainability topics is updated by each manager on an annual basis.

SELECTIONRESPONSIBLE INVESTMENT PRACTICES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 4

CORE

OO 12, OO 21

SAM 5, SAM
6, SAM 7

PUBLIC

Responsible
investment
practices

GeneralDuring the reporting year, did your organisation select new external investment managers or allocate new mandates toexisting investment managers?
◉ (A) Yes, we selected external investment managers or allocated new mandates to existing investment managers
during the reporting year
○ (B) No, we did not select new external investment managers or allocate new mandates to existing investment managers during
the reporting year
○ (C) Not applicable; our organisation is in a captive relationship with external investment managers, which applies to 90% ormore of our AUM

73

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 5

CORE

SAM 4

N/A

PUBLIC

Responsible
investment practices

4

During the reporting year, what responsible investment aspects did your organisation, or the service provider acting on
your behalf, review and evaluate when selecting new external investment managers or allocating new mandates toexisting investment managers?
Organisation☑ (A) Commitment to and experience in responsible investment (e.g. commitment to responsible investment principles
and standards)
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (B) Responsible investment policy(ies) (e.g. the alignment of their responsible investment policy with the investment
mandate)Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (C) Governance structure and senior-level oversight and accountability (e.g. the adequacy of their governancestructure and reported conflicts of interest)
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates
People and Culture☑ (D) Adequate resourcing and incentives (e.g. their team structures, operating model and remuneration structure,including alignment of interests)
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (E) Staff competencies and experience in responsible investment (e.g. level of responsible investment responsibilities
in their investment team, their responsible investment training and capacity building)Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates
Investment Process☑ (F) Incorporation of material ESG factors in the investment process (e.g. detail and evidence of how such factors areincorporated into the selection of individual assets and in portfolio construction)

74

Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (G) Incorporation of risks connected to systematic sustainability issues in the investment process (e.g. detail andevidence of how such risks are incorporated into the selection of individual assets and in portfolio construction)
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (H) Incorporation of material ESG factors and ESG risks connected to systematic sustainability issues in portfolio risk
assessment (e.g. their process to measure and report such risks)
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates
Performance and Reporting☑ (I) ESG disclosure in regular client reporting
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (J) Inclusion of ESG factors in contractual agreements
Select from dropdown list
○ (1) for all of our mandates○ (2) for a majority of our mandates◉ (3) for a minority of our mandates○ (K) We did not review and evaluate any of the above responsible investment aspects when selecting new external investment
managers or allocating new mandates to existing investment managers during the reporting year

STEWARDSHIP
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 6

CORE

OO 8, SAM 4

N/A

PUBLIC

Stewardship

4

During the reporting year, which aspects of the stewardship approach did your organisation, or the service provider
acting on your behalf, review and evaluate when selecting new external investment managers or allocating new mandates
to existing investment managers?
☑ (A) The alignment of their policy(ies) or guidelines on stewardship with the investment mandate
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (B) Evidence of how they implemented their stewardship objectives, including the effectiveness of their activities
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (C) Their participation in collaborative engagements and stewardship initiatives

75

Select from dropdown list
○ (1) for all of our mandates○ (2) for a majority of our mandates◉ (3) for a minority of our mandates☑ (D) Details of their engagements with companies or issuers on risks connected to systematic sustainability issues
Select from dropdown list
○ (1) for all of our mandates○ (2) for a majority of our mandates◉ (3) for a minority of our mandates☑ (E) Details of their engagement activities with policy makers
Select from dropdown list
○ (1) for all of our mandates○ (2) for a majority of our mandates◉ (3) for a minority of our mandates☑ (F) Their escalation process and the escalation tools included in their policy on stewardship
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates○ (G) We did not review and evaluate any of the above aspects of the stewardship approach when selecting new external
investment managers or allocating new mandates to existing investment managers during the reporting year
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 7

CORE

OO 9, SAM 4

N/A

PUBLIC

Stewardship

4

During the reporting year, which aspects of (proxy) voting did your organisation, or the service provider acting on yourbehalf, review and evaluate when selecting new external investment managers or allocating new mandates to existing
investment managers?
☑ (A) The alignment of their policy(ies) or guidelines on (proxy) voting with the investment mandate
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (B) Historical information on the number or percentage of general meetings at which they voted
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (C) Analysis of votes cast for and against
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (D) Analysis of votes cast for and against resolutions related to risks connected to systematic sustainability issues

76Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (E) Details of their position on any controversial and high-profile votes
Select from dropdown list
○ (1) for all of our mandates◉ (2) for a majority of our mandates○ (3) for a minority of our mandates☑ (F) Historical information of any resolutions on which they voted contrary to their own voting policy and the reasons
why
Select from dropdown list
○ (1) for all of our mandates○ (2) for a majority of our mandates◉ (3) for a minority of our mandates☑ (G) Details of all votes involving companies where the external investment manager or an affiliate has a contractual
relationship or another potential conflict of interest
Select from dropdown list
○ (1) for all of our mandates○ (2) for a majority of our mandates◉ (3) for a minority of our mandates○ (H) We did not review and evaluate any of the above aspects of (proxy) voting when selecting new external investment
managers or allocating new mandates to existing investment managers during the reporting year
○ (I) Not applicable; our organisation did not select new external investment managers or allocated new mandates to existing
investment managers for listed equity and/or hedge funds that hold equity.

APPOINTMENTSEGREGATED MANDATES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 8

CORE

OO 5.2, OO
13N/A

PUBLIC

Segregatedmandates

4

Which responsible investment aspects do your organisation, or the service provider acting on your behalf, explicitly
include in clauses within your contractual agreements with your external investment managers for segregated mandates?
☑ (A) Their commitment to following our responsible investment strategy in the management of our assets
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (B) Their commitment to incorporating material ESG factors into their investment activities
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (C) Their commitment to incorporating material ESG factors into their stewardship activities

77Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (D) Their commitment to incorporating risks connected to systematic sustainability issues into their investment
activities
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (E) Their commitment to incorporating risks connected to systematic sustainability issues into their stewardship
activities
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (F) Exclusion list(s) or criteria
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (G) Responsible investment communications and reporting obligations, including stewardship activities and results
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (H) Incentives and controls to ensure alignment of interests
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (I) Commitments on climate-related disclosure in line with internationally-recognised frameworks such as the TCFD
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (J) Commitment to respect human rights as defined in the OECD Guidelines for Multinational Enterprises and the UN
Guiding Principles on Business and Human Rights
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☑ (K) Their acknowledgement that their appointment is conditional on the fulfilment of their agreed responsible
investment commitments
Select from dropdown list
○ (1) for all of our segregated mandates○ (2) for a majority of our segregated mandates◉ (3) for a minority of our segregated mandates☐ (L) Other78

○ (M) We do not include responsible investment aspects in clauses within our contractual agreements with external investment
managers for segregated mandates

MONITORINGRESPONSIBLE INVESTMENT PRACTICES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 9

CORE

OO 14, OO 21

N/A

PUBLIC

Responsible
investment practices

4

For the majority of your externally managed AUM in each asset class, which aspects of your external investment
managers’ responsible investment practices did your organisation, or the service provider acting on your behalf, monitor
during the reporting year?
(1) Listed
equity(active)(2) Listed
equity(passive)(3) Fixed
income(active)(4) Fixed
income(passive)(5) Private
equity(A) Commitment to and experience
in responsible investment (e.g.
commitment to responsible
investment principles andstandards)

☑

☑

☑

☑

☑

(B) Responsible investment
policy(ies) (e.g. the continuedalignment of their responsible
investment policy with theinvestment mandate)

☑

☑

☑

☑

☑

(C) Governance structure andsenior level oversight andaccountability (e.g. the adequacyof their governance structure andreported conflicts of interest)

☑

☑

☑

☑

☐

Organisation

People and Culture79

(D) Adequate resourcing andincentives (e.g. their teamstructures, operating model andremuneration structure, includingalignment of interests)

☑

☑

☑

☑

☑

(E) Staff competencies andexperience in responsible
investment (e.g. level of
responsible investment
responsibilities in their investment
team, their responsible investment
training and capacity building)

☑

☑

☑

☑

☑

(F) Incorporation of material ESG
factors in the investment process(e.g. detail and evidence of how
such factors are incorporated into
the selection of individual assets
and in portfolio construction)

☑

☑

☑

☑

☑

(G) Incorporation of risks
connected to systematicsustainability issues in theinvestment process (e.g. detail andevidence of how such risks areincorporated into the selection ofindividual assets and in portfolio
construction)

☑

☑

☑

☑

☑

(H) Incorporation of material ESG
factors and ESG risks connected
to systematic sustainability issues
in portfolio risk assessment (e.g.
their process to measure andreport such risks, their response to
ESG incidents)

☑

☑

☑

☑

☑

Investment Process

Performance and Reporting80

(I) ESG disclosure in regular client
reporting (e.g. any changes in theirregular client reporting)

☑

☑

☑

☑

☑

(J) Inclusion of ESG factors incontractual agreements

☐

☐

☐

☐

☑

(K) We did not monitor any of theabove aspects of our external
investment managers’ responsible
investment practices during thereporting year

○

○

○

○

○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 12CORE

OO 14, OO 21

N/A

PUBLIC

Responsible
investment practices

1

For the majority of your externally managed AUM in each asset class, how often does your organisation, or the service
provider acting on your behalf, monitor your external investment managers’ responsible investment practices?

(1) Listed
equity (active)(2) Listed
equity(passive)(3) Fixed
income(active)(4) Fixed
income(passive)(5) Private
equity(A) At least annually

☑

☑

☑

☑

☑

(B) Less than once a year

☐

☐

☐

☐

☐

(C) On an ad hoc basis

☐

☐

☐

☐

☑

81

STEWARDSHIP
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 13CORE

OO 8, OO 21

N/A

PUBLIC

Stewardship1, 2

For the majority of your externally managed AUM in each asset class, which aspects of your external investment
managers’ stewardship practices did your organisation, or the service provider acting on your behalf, monitor during thereporting year?
(1) Listed
equity(active)(2) Listed
equity(passive)(3) Fixed
income(active)(4) Fixed
income(passive)(5) Private
equity(A) Any changes in their policy(ies)or guidelines on stewardship

☑

☑

☑

☑

☐

(B) The degree of implementationof their policy(ies) or guidelines on
stewardship

☑

☑

☑

☑

☐

(C) How they prioritise material
ESG factors

☑

☑

☑

☑

☑

(D) How they prioritise risks
connected to systematicsustainability issues

☑

☑

☑

☑

☐

(E) Their investment team's levelof involvement in stewardship
activities

☑

☑

☑

☑

☑

(F) Whether the results ofstewardship actions were fed backinto the investment process anddecisions

☑

☑

☑

☑

☑

(G) Whether they used a variety of
stewardship tools and activities toadvance their stewardshippriorities

☐

☐

☐

☐

☑

82

(H) The deployment of theirescalation process in cases where
initial stewardship efforts were
unsuccessful

☑

☑

☑

☑

☐

(I) Whether they participated incollaborative engagements andstewardship initiatives

☐

☐

☐

☐

☐

(J) Whether they had an active rolein collaborative engagements andstewardship initiatives

☐

☐

☐

☐

☐

(K) Other

☐

☐

☐

☐

☐

(L) We did not monitor our external
investment managers’ stewardshippractices during the reporting year

○

○

○

○

○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 14CORE

OO 9, OO 21

N/A

PUBLIC

Stewardship1, 2

For the majority of your AUM in each asset class where (proxy) voting is delegated to external investment managers,which aspects of your external investment managers’ (proxy) voting practices did your organisation, or the service
provider acting on your behalf, monitor during the reporting year?
(1) Listed equity (active)(2) Listed equity (passive)(A) Any changes in their policy(ies)or guidelines on (proxy) voting☑

☑

(B) Whether their (proxy) voting
decisions were consistent with
their stewardship priorities asstated in their policy and with theirvoting policy, principles and/or
guidelines

☑

☑

83

(C) Whether their (proxy) voting
decisions were consistent with
their stated approach on theprioritisation of risks connected tosystematic sustainability issues☑

☑

(D) Whether their (proxy) voting
track record was aligned with ourstewardship approach andexpectations☑

☑

(E) The application of their policy
on securities lending and any
implications for implementing theirpolicy(ies) or guidelines on (proxy)
voting (where applicable)☑

☑

(F) Other☐☐(G) We did not monitor our
external investment managers’(proxy) voting practices during thereporting year○○

ENGAGEMENT AND ESCALATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 15PLUS

OO 14, OO 21

N/A

PUBLICEngagement andescalation

4

Describe how your organisation engaged with external investment managers to improve their responsible investment
practices during the reporting year.
The Global Manager Research Team conducted a series of listening sessions with our equity subadvisors to learn how they approachstewardship, and specifically the decision to support or withhold support for shareholder resolutions. Following these sessions, we identified
commonalities and established a list of best practices for investment firms to follow when establishing their proxy voting procedures. We
then shared our findings with our equity subadvisors, and encouraged them to close any gaps between their practices and what we had
identified as industry best practices.

84

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 16CORE

OO 14, OO 21

N/A

PUBLICEngagement andescalation

4

What actions does your organisation, or the service provider acting on your behalf, include in its formal escalation
process to address concerns raised during monitoring of your external investment managers’ responsible investment
practices?
(1) Listed
equity(active)(2) Listed
equity(passive)(3) Fixed
income(active)(4) Fixed
income(passive)(5) Private
equity(A) Engagement with theirinvestment professionals,
investment committee or otherrepresentatives

☑

☑

☑

☑

☑

(B) Notification about theirplacement on a watch list or
relationship coming under review

☑

☑

☑

☑

☐

(C) Reduction of capital allocation
to the external investment
managers until any concerns havebeen rectified

☐

☐

☐

☐

☐

(D) Termination of the contract if
failings persist over a (notified)period, including an explanation of
the reasons for termination

☐

☐

☐

☐

☐

(E) Holding off selecting theexternal investment managers for
new mandates or allocating
additional capital until any
concerns have been rectified

☐

☐

☐

☐

☐

(F) Other

☐

☐

☐

☐

☐

85

(G) Our organisation does nothave a formal escalation process
to address concerns raised during
monitoring

○

○

○

○

○

VERIFICATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

SAM 17CORE

OO 14, OO 21

N/A

PUBLIC

Verification

1

For the majority of your externally managed AUM in each asset class, how did your organisation, or the service provider
acting on your behalf, verify that the information reported by external investment managers on their responsible
investment practices was correct during the reporting year?
(1) Listed
equity(active)(2) Listed
equity(passive)(3) Fixed
income(active)(4) Fixed
income(passive)(5) Private
equity(A) We checked that the
information reported was verified
through a third-party assurance
process

☐

☐

☐

☐

☐

(B) We checked that the
information reported was verified
by an independent third party

☐

☐

☐

☐

☐

(C) We checked for evidence ofinternal monitoring or compliance

☑

☑

☑

☑

☑

(D) Other

☑

☑

☑

☑

☐

(E) We did not verify the
information reported by external
investment managers on their
responsible investment practices
during the reporting year

○

○

○

○

○

(D) Other - Specify:
We have an internal review process to verify information reported by external managers which utilizes third-party data.

86

LISTED EQUITY (LE)OVERALL APPROACH
MATERIALITY ANALYSIS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 1

CORE

OO 21

N/A

PUBLIC

Materiality analysis

1

Does your organisation have a formal investment process to identify and incorporate material ESG factors across yourlisted equity strategies?
(3) Active - fundamental(A) Yes, our investment processincorporates material governancefactors(1) for all of our AUM(B) Yes, our investment processincorporates material
environmental and social factors(1) for all of our AUM(C) Yes, our investment processincorporates material ESG factors
beyond our organisation's average
investment holding period(1) for all of our AUM(D) No, we do not have a formal
process. Our investment
professionals identify material ESG
factors at their discretion○(E) No, we do not have a formal orinformal process to identify andincorporate material ESG factors○

87

MONITORING ESG TRENDS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 2

CORE

OO 21

N/A

PUBLIC

Monitoring ESG
trends1

Does your organisation have a formal process for monitoring and reviewing the implications of changing ESG trends
across your listed equity strategies?
(3) Active - fundamental(A) Yes, we have a formal processthat includes scenario analyses(1) for all of our AUM(B) Yes, we have a formal process,but it does not include scenario
analyses(C) We do not have a formal
process for our listed equity
strategies; our investment
professionals monitor how ESG
trends vary over time at theirdiscretion○(D) We do not monitor and review
the implications of changing ESG
trends on our listed equity
strategies○(A) Yes, we have a formal process that includes scenario analysis - Specify: (Voluntary)
We have multiple forums to monitor and review changing trends including regular global and regional calls on sector specific ESG issues,
regular portfolio reviews with investment teams, and daily risk reporting on ESG metrics.

88PRE-INVESTMENTESG INCORPORATION IN RESEARCH
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 3

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

How does your financial analysis and equity valuation or security rating process incorporate material ESG risks?
(2) Active - fundamental(A) We incorporate material
governance-related risks into ourfinancial analysis and equity
valuation or security rating process(1) in all cases(B) We incorporate material
environmental and social risks into
our financial analysis and equity
valuation or security rating process(1) in all cases(C) We incorporate material
environmental and social risks
related to companies' supply
chains into our financial analysis
and equity valuation or security
rating process(1) in all cases(D) We do not incorporate material
ESG risks into our financial
analysis, equity valuation or
security rating processes○

89IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 4

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

What information do you incorporate when you assess the ESG performance of companies in your financial analysis,benchmark selection and/or portfolio construction process?
(3) Active - fundamental(A) We incorporate qualitative
and/or quantitative information on
current performance across a
range of material ESG factors(1) in all cases(B) We incorporate qualitative
and/or quantitative information on
historical performance across a
range of material ESG factors(1) in all cases(C) We incorporate qualitative
and/or quantitative information onmaterial ESG factors that may
impact or influence future
corporate revenues and/or
profitability(1) in all cases(D) We incorporate qualitative
and/or quantitative information
enabling current, historical and/or
future performance comparison
within a selected peer groupacross a range of material ESG
factors(1) in all cases

90(E) We do not incorporate
qualitative or quantitative
information on material ESG
factors when assessing the ESG
performance of companies in our
financial analysis, equity
investment or portfolio construction
process○

ESG INCORPORATION IN PORTFOLIO CONSTRUCTION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 5

PLUS

OO 21

N/A

PUBLICESG incorporation in
portfolio construction

1

Provide an example of how you incorporated ESG factors into your equity selection and research process during thereporting year.
ESG factors were considered in our analysis of a global travel technology company with a high rating by ESG agencies, reflecting strong
management of data privacy and security, commitment to improving its environmental footprint through a science-based target, and decent
corporate governance performance. However, our investment team identified significant transition risk for the company, given that its
revenues are largely generated by airline passengers boarded and, to a much lesser extent, hotel bookings. If air travel becomes more
expensive during the transition, demand could be reduced, which could have negative implications for the company’s free cash flow. In ourbase case, the stock had a decent expected return, with an intrinsic value above its current stock price. However, in our “net zero case”, theexpected return was negative, making the stock much less compelling. Our team concluded the market was not yet reflecting the impact of
the transition to a net zero economy on the company’s business. Given the significant transition risk that the company was facing, ourinvestment team decided not to hold this stock.

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 6

CORE

OO 21

N/A

PUBLICESG incorporation in
portfolio construction

1

How do material ESG factors contribute to your stock selection, portfolio construction and/or benchmark selection
process?

91

(3) Active - fundamental(A) Material ESG factors contributeto the selection of individual assets
and/or sector weightings within our
portfolio construction and/or
benchmark selection process(1) for all of our AUM(B) Material ESG factors contributeto the portfolio weighting ofindividual assets within our
portfolio construction and/or
benchmark selection process(2) for a majority of our AUM(C) Material ESG factors contributeto the country or region weightingof assets within our portfolio
construction and/or benchmark
selection process(2) for a majority of our AUM(D) Other ways material ESG
factors contribute to your portfolio
construction and/or benchmark
selection process(E) Our stock selection, portfolio
construction or benchmark
selection process does not include
the incorporation of material ESG
factors○

92

POST-INVESTMENTESG RISK MANAGEMENT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 9

CORE

OO 17.1 LE, OO
21N/A

PUBLICESG riskmanagement

1

What compliance processes do you have in place to ensure that your listed equity assets subject to negative exclusionary
screens meet the screening criteria?
☑ (A) We have internal compliance procedures that ensure all funds or portfolios that are subject to negative
exclusionary screening have pre-trade checks☐ (B) We have an external committee that oversees the screening implementation process for all funds or portfolios that are
subject to negative exclusionary screening☑ (C) We have an independent internal committee that oversees the screening implementation process for all funds or
portfolios that are subject to negative exclusionary screening○ (D) We do not have compliance processes in place to ensure that we meet our stated negative exclusionary screens
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 10

CORE

OO 21

N/A

PUBLICESG riskmanagement1

For the majority of your listed equity assets, do you have a formal process to identify and incorporate material ESG risks
and ESG incidents into your risk management process?

93

(2) Active - fundamental(A) Yes, our formal processincludes reviews of quantitative
and/or qualitative information onmaterial ESG risks and ESG
incidents and their implications forindividual listed equity holdings☑

(B) Yes, our formal processincludes reviews of quantitative
and/or qualitative information onmaterial ESG risks and ESG
incidents and their implications forother listed equity holdings
exposed to similar risks and/or
incidents☑

(C) Yes, our formal processincludes reviews of quantitative
and/or qualitative information onmaterial ESG risks and ESG
incidents and their implications forour stewardship activities☑

(D) Yes, our formal processincludes ad hoc reviews ofquantitative and/or qualitative
information on severe ESG
incidents☑

(E) We do not have a formal
process to identify and incorporatematerial ESG risks and ESG
incidents into our risk management
process; our investment
professionals identify andincorporate material ESG risks and
ESG incidents at their discretion○

94

(F) We do not have a formal
process to identify and incorporatematerial ESG risks and ESG
incidents into our risk management
process○PERFORMANCE MONITORING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 11

PLUS

OO 21

N/A

PUBLIC

Performancemonitoring

1

Provide an example of how the incorporation of ESG factors in your listed equity valuation or portfolio construction
affected the realised returns of those assets.
Over the last few years, one of our equity analysts covering the healthcare sector monitored a provider of medical sterilization equipment
and services. In regular operations, we learned the firm used Ethylene Oxide (EO), a known carcinogen. After some reports about apotential leak at one of the issuer’s sites, our investment analyst recommended that we avoid the company as an investment, despite thefact that more traditional valuation methods seemed to suggest the company could be an attractive investment in the near term.
In 2022, the first verdict of nearly 800 lawsuits regarding management of this company was reached, which significantly impacted thecompany’s valuation. Our strong ESG integration practices and analyses led us to avoid risk on behalf of clients in this instance.

DISCLOSURE OF ESG SCREENS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

LE 12

CORE

OO 17 LE, OO
21N/A

PUBLIC

Disclosure of ESG
screens6

For all your listed equity assets subject to ESG screens, how do you ensure that clients understand ESG screens andtheir implications?
☑ (A) We share a list of ESG screens☑ (B) We share any changes in ESG screens☑ (C) We explain any implications of ESG screens, such as their deviation from a benchmark or impact on sector
weightings○ (D) We do not share the above information for all our listed equity assets subject to ESG screens

95

FIXED INCOME (FI)OVERALL APPROACH
MATERIALITY ANALYSIS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 1

CORE

OO 21

N/A

PUBLIC

Materiality analysis

1

Does your organisation have a formal investment process to identify and incorporate material ESG factors across yourfixed income assets?
(1) SSA(2) Corporate(3) Securitised(4) Private debt(A) Yes, our investment processincorporates material governancefactors(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(1) for all of our
AUM(B) Yes, our investment processincorporates material environmental
and social factors(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(1) for all of our
AUM(C) Yes, our investment processincorporates material ESG factors
depending on different investment
time horizons(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(1) for all of our
AUM(D) No, we do not have a formal
process; our investment
professionals identify material ESG
factors at their discretion

○

○

○

○

(E) No, we do not have a formal orinformal process to identify andincorporate material ESG factors

○

○

○

○

96

MONITORING ESG TRENDS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 2

CORE

OO 21

N/A

PUBLIC

Monitoring ESG
trends1

Does your organisation have a formal process for monitoring and reviewing the implications of changing ESG trends
across your fixed income assets?
(1) SSA(2) Corporate(3) Securitised(1) for all of our AUM(1) for all of our AUM(3) for a minority of our
AUM(C) We do not have a formal
process for our fixed income
assets; our investment
professionals monitor how ESG
trends vary over time at theirdiscretion

○

○

○

(D) We do not monitor and review
the implications of changing ESG
trends on our fixed income assets

○

○

○

(A) Yes, we have a formal processthat includes scenario analyses(B) Yes, we have a formal process,but does it not include scenario
analyses(A) Yes, we have a formal process that includes scenario analyses - Specify: (Voluntary)
We have multiple forums to monitor and review changing trends including regular global and regional calls on sector specific ESG issues,
regular portfolio reviews with investment teams, and daily risk reporting on ESG metrics.

97PRE-INVESTMENTESG INCORPORATION IN RESEARCH
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 3

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

For the majority of your fixed income investments, does your organisation incorporate material ESG factors whenassessing their credit quality?
(1) SSA(2) Corporate(3) Securitised(4) Private debt

(A) We incorporate material
environmental and social factors

☑

☑

☑

☑

(B) We incorporate material
governance-related factors

☑

☑

☑

☑

(C) We do not incorporate material
ESG factors for the majority of our
fixed income investments

○

○

○

○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 4

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

Does your organisation have a framework that differentiates ESG risks by issuer country, region and/or sector?

98

(1) SSA(2) Corporate(3) Securitised(4) Private debt(A) Yes, we have a framework thatdifferentiates ESG risks by country
and/or region (e.g. local
governance and labour practices)(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(B) Yes, we have a framework thatdifferentiates ESG risks by sector(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(1) for all of our
AUM(C) No, we do not have aframework that differentiates ESG
risks by issuer country, region
and/or sector

○

○

○

○

(D) Not applicable; we are not able
to differentiate ESG risks by issuer
country, region and/or sector due tothe limited universe of our issuers

○

○

○

○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 5

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

How does your organisation incorporate material ESG factors when selecting private debt investments during the due
diligence phase?
☑ (A) We use a qualitative ESG checklist
Select from dropdown list:◉ (1) in all cases○ (2) in a majority of cases○ (3) in a minority of cases☑ (B) We assess quantitative information on material ESG factors, such as energy consumption, carbon footprint andgender diversity
Select from dropdown list:○ (1) in all cases◉ (2) in a majority of cases○ (3) in a minority of cases☑ (C) We check whether the target company has its own responsible investment policy, sustainability policy or ESG
policy99

Select from dropdown list:◉ (1) in all cases○ (2) in a majority of cases○ (3) in a minority of cases☑ (D) We hire third-party consultants to do technical due diligence on specific material ESG factors where internal
capabilities are not available
Select from dropdown list:○ (1) in all cases○ (2) in a majority of cases◉ (3) in a minority of cases☑ (E) We require the review and sign-off of our ESG due diligence process by our investment committee, or theequivalent function
Select from dropdown list:◉ (1) in all cases○ (2) in a majority of cases○ (3) in a minority of cases☑ (F) We use industry-recognised responsible investment due diligence questionnaire (DDQ) templates
Select from dropdown list:◉ (1) in all cases○ (2) in a majority of cases○ (3) in a minority of cases☐ (G) We use another method of incorporating material ESG factors when selecting private debt investments during the due
diligence process○ (H) We do not incorporate material ESG factors when selecting private debt investments during the due diligence phase
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 6

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

How do you incorporate significant changes in material ESG factors over time into your fixed income asset valuation
process?
(1) SSA(2) Corporate(A) We incorporate it into theforecast of financial metrics orother quantitative assessments(1) for all of our AUM(1) for all of our AUM(B) We make a qualitative
assessment of how material ESG
factors may evolve(1) for all of our AUM(1) for all of our AUM(3) Private debt

(1) for all of our AUM

100

(C) We do not incorporatesignificant changes in material
ESG factors

○

○

○

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 7

CORE

OO 21

N/A

PUBLICESG incorporation in
research

1

At what level do you incorporate material ESG factors into the risks and/or returns of your securitised products?
◉ (A) At both key counterparties’ and at the underlying collateral pool’s levels
Explain: (Voluntary)
This depends on the asset class. When evaluating CMBS transactions, for example, it’s easier to ascertain certain
environmental/social aspects of deals where specific information is known about the small number of assets in a pool (e.g. LEED
certification, low-income multi-family housing). For deals where collateral is more granular, we do not have the ability to makeindependent assessments as detailed information is not provided. In all transactions, we do evaluate underwriting guidelines of thesponsor/manager of the assets as part of our due diligence, which speaks to governance concerns.

○ (B) At key counterparties’ level only
○ (C) At the underlying collateral pool’s level only

ESG INCORPORATION IN PORTFOLIO CONSTRUCTION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 8

CORE

OO 21

N/A

PUBLICESG incorporation in
portfolio construction

1

How do material ESG factors contribute to your security selection, portfolio construction and/or benchmark selection
process?

101

(1) SSA(2) Corporate(3) Securitised(A) Material ESG factors contributeto the selection of individual assets
and/or sector weightings within our
portfolio construction and/or
benchmark selection process(1) for all of our AUM(1) for all of our AUM(3) for a minority of our
AUM(B) Material ESG factors contributeto determining the holding period
of individual assets within our
portfolio construction and/or
benchmark selection process(1) for all of our AUM(1) for all of our AUM(C) Material ESG factors contributeto the portfolio weighting ofindividual assets within our
portfolio construction and/or
benchmark selection process(1) for all of our AUM(1) for all of our AUM○○(D) Material ESG factors contributeto the country or region weightingof assets within our portfolio
construction and/or benchmark
selection process(E) Material ESG factors contributeto our portfolio construction and/or
benchmark selection process inother ways
(F) Our security selection, portfolio
construction or benchmark
selection process does not include
the incorporation of material ESG
factors○

102

POST-INVESTMENTESG RISK MANAGEMENT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 11

CORE

OO 21

N/A

PUBLICESG riskmanagement

1

How are material ESG factors incorporated into your portfolio risk management process?
(1) SSA(2) Corporate(3) Securitised(4) Private debt

(A) Investment committee
members, or the equivalent function
or group, can veto investment
decisions based on ESG
considerations(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(1) for all of our
AUM(B) Companies, sectors, countries
and/or currencies are monitored forchanges in exposure to material
ESG factors and any breaches ofrisk limits(1) for all of ourAUM(1) for all of ourAUM(3) for a minorityof our AUM(C) Overall exposure to specificmaterial ESG factors is measured
for our portfolio construction, andsizing or hedging adjustments are
made depending on the individual
issuer or issue sensitivity to thesefactors(1) for all of ourAUM(1) for all of our
AUM

○

○

(D) We use another method ofincorporating material ESG factors
into our portfolio's risk management
process(E) We do not have a process toincorporate material ESG factors
into our portfolio's risk management
process○○103

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 12

CORE

OO 21

N/A

PUBLICESG riskmanagement1

For the majority of your fixed income assets, do you have a formal process to identify and incorporate material ESG risks
and ESG incidents into your risk management process?
(1) SSA(2) Corporate(3) Securitised(4) Private debt(A) Yes, our formal processincludes reviews of quantitative
and/or qualitative information onmaterial ESG risks and ESG
incidents and their implications forindividual fixed income holdings

☑

☑

☑

☑

(B) Yes, our formal processincludes reviews of quantitative
and/or qualitative information onmaterial ESG risks and ESG
incidents, and their implications forother fixed income holdings
exposed to similar risks and/or
incidents

☑

☑

☑

☐

(C) Yes, our formal processincludes reviews of quantitative
and/or qualitative information onmaterial ESG risks and ESG
incidents, and their implications forour stewardship activities

☑

☑

☐

☐

(D) Yes, our formal processincludes ad hoc reviews ofquantitative and/or qualitative
information on severe ESG
incidents

☑

☑

☐

☑

104

(E) We do not have a formal
process to identify and incorporate
ESG risks and ESG incidents; ourinvestment professionals identify
and incorporate ESG risks and
ESG incidents at their discretion

○

○

○

○

(F) We do not have a formal
process to identify and incorporate
ESG risks and ESG incidents into
our risk management process

○

○

○

○

PERFORMANCE MONITORING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 13

CORE

OO 21

N/A

PUBLIC

Performancemonitoring

1

During the reporting year, how did your organisation incorporate material ESG factors when monitoring private debt
investments?
☑ (A) We used a qualitative ESG checklist
Select from dropdown list:◉ (1) in all cases○ (2) in the majority of cases○ (3) in the minority of cases☑ (B) We assessed quantitative information on material ESG factors, such as energy consumption, carbon footprint andgender diversity
Select from dropdown list:○ (1) in all cases◉ (2) in the majority of cases○ (3) in the minority of cases☐ (C) We hired third-party consultants to do technical assessment on specific material ESG factors where internal capabilities
were not available☑ (D) We used industry body guidelines
Select from dropdown list:◉ (1) in all cases○ (2) in the majority of cases○ (3) in the minority of cases☐ (E) We used another method to incorporate material ESG factors into the monitoring of private debt investments○ (F) We did not incorporate material ESG factors when monitoring private debt investments

105

THEMATIC BONDS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 16

CORE

OO 17 FI, OO 21

N/A

PUBLIC

Thematic bonds

1

What pre-determined criteria does your organisation use to identify which non-labelled thematic bonds to invest in?
☑ (A) The bond's use of proceeds☑ (B) The issuers' targets☑ (C) The issuers' progress towards achieving their targets☑ (D) The issuer profile and how it contributes to their targets○ (E) We do not use pre-determined criteria to identify which non-labelled thematic bonds to invest in○ (F) Not applicable; we do not invest in non-labelled thematic bonds
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 17

CORE

Multiple, seeguidance

N/A

PUBLIC

Thematic
bonds

1, 2, 6

During the reporting year, what action did you take in the majority of cases when you felt that the proceeds of a thematicbond were not allocated appropriately or in accordance with the terms of the bond deal or prospectus?
☐ (A) We engaged with the issuer☐ (B) We alerted thematic bond certification agencies☐ (C) We sold the security☐ (D) We blacklisted the issuer☐ (E) Other action○ (F) We did not take any specific actions when the proceeds of a thematic bond were not allocated according to the terms of thebond deal during the reporting year
◉ (G) Not applicable; in the majority of cases, the proceeds of thematic bonds were allocated according to the terms of
the bond deal during the reporting year

106

DISCLOSURE OF ESG SCREENS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

FI 18

CORE

OO 17 FI, OO
21

N/A

PUBLIC

Disclosure of ESG
screens6

For all your fixed income assets subject to ESG screens, how do you ensure that clients understand ESG screens andtheir implications?
☑ (A) We share a list of ESG screens☑ (B) We share any changes in ESG screens☑ (C) We explain any implications of ESG screens, such as any deviation from a benchmark or impact on sector
weightings○ (D) We do not share the above information for all our fixed income assets subject to ESG screens

REAL ESTATE (RE)POLICYINVESTMENT GUIDELINES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 1

CORE

OO 21, OO 24,
OO 26

N/A

PUBLIC

Investment
guidelines

1 to 6

What real estate–specific ESG guidelines are currently covered in your organisation's responsible investment policy(ies)?
☑ (A) Guidelines on our ESG approach to real estate depending on use (e.g. retail and education) and geography☑ (B) Guidelines on our ESG approach to new construction☑ (C) Guidelines on our ESG approach to major renovations☑ (D) Guidelines on our ESG approach to standing real estate investments☑ (E) Guidelines on pre-investment screening☑ (F) Guidelines on our approach to ESG integration into short-term or 100-day plans (or equivalent)☑ (G) Guidelines on our approach to ESG integration into long-term value creation efforts☑ (H) Guidelines on our approach to ESG reporting☑ (I) Guidelines on our engagement approach related to third-party property managers☑ (J) Guidelines on our engagement approach related to tenants☑ (K) Guidelines on our engagement approach related to construction contractors○ (L) Our responsible investment policy(ies) does not cover real estate–specific ESG guidelines107

FUNDRAISINGCOMMITMENTS TO INVESTORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 2

CORE

OO 21

N/A

PUBLIC

Commitments toinvestors

1, 4

For all of the funds that you closed during the reporting year, what type of formal responsible investment commitments
did you make in Limited Partnership Agreements (LPAs), side letters, or other constitutive fund documents?
◉ (A) We incorporated responsible investment commitments in LPAs (or equivalent) as a standard default procedure○ (B) We added responsible investment commitments in LPAs (or equivalent) upon a client's request○ (C) We added responsible investment commitments in side letters upon a client's request○ (D) We did not make any formal responsible investment commitments for the relevant reporting year
○ (E) Not applicable; we have not raised funds in the last five years

PRE-INVESTMENT
MATERIALITY ANALYSIS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 3

CORE

OO 21

RE 3.1

PUBLIC

Materiality analysis

1

During the reporting year, how did you conduct ESG materiality analysis for your potential real estate investments?
◉ (A) We assessed ESG materiality for each property, as each case is unique
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments○ (B) We performed a mix of property level and property type or category level ESG materiality analysis○ (C) We assessed ESG materiality at the property type or category level only
○ (D) We did not conduct ESG materiality analysis for our potential real estate investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 3.1

CORE

RE 3

N/A

PUBLIC

Materiality analysis

1108During the reporting year, what tools, standards and data did you use in your ESG materiality analysis of potential realestate investments?
☑ (A) We used GRI standards to inform our real estate ESG materiality analysis☑ (B) We used SASB standards to inform our real estate ESG materiality analysis☑ (C) We used the UN Sustainable Development Goals (SDGs) to inform our real estate ESG materiality analysis☑ (D) We used GRESB Materiality Assessment (RC7) or similar to inform our real estate ESG materiality analysis☑ (E) We used climate disclosures, such as the TCFD recommendations or other climate risk and/or exposure analysis
tools, to inform our real estate ESG materiality analysis☐ (F) We used the UN Guiding Principles on Business and Human Rights (UNGPs) to inform our real estate ESG materiality
analysis☐ (G) We used geopolitical and macro-economic considerations in our real estate ESG materiality analysis☑ (H) We used green building certifications to inform our real estate ESG materiality analysis☑ (I) We engaged with the existing owners and/or managers (or developers for new properties) to inform our real estate
ESG materiality analysis☐ (J) Other

DUE DILIGENCE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 4

CORE

OO 21

N/A

PUBLICDue diligence1

During the reporting year, how did material ESG factors influence your selection of real estate investments?
☑ (A) Material ESG factors were used to identify risks
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (B) Material ESG factors were discussed by the investment committee (or equivalent)
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (C) Material ESG factors were used to identify remedial actions for our 100-day plans (or equivalent)
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (D) Material ESG factors were used to identify opportunities for value creation
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (E) Material ESG factors informed our decision to abandon potential investments in the due diligence phase in cases
where ESG risks were considered too high to mitigate
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (F) Material ESG factors impacted investments in terms of the price offered and/or paid

109

Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments○ (G) Material ESG factors did not influence the selection of our real estate investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 5

CORE

OO 21

N/A

PUBLICDue diligence

1

Once material ESG factors have been identified, what processes do you use to conduct due diligence on these factors forpotential real estate investments?
☑ (A) We conduct a high-level or desktop review against an ESG checklist for initial red flags
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☐ (B) We send detailed ESG questionnaires to target properties☑ (C) We hire third-party consultants to do technical due diligence on specific material ESG factors
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (D) We conduct site visits
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (E) We conduct in-depth interviews with management and/or personnel
Select from dropdown list:○ (1) for all of our potential real estate investments◉ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (F) We conduct detailed external stakeholder analysis and/or engagement
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (G) We incorporate ESG due diligence findings in all of our relevant investment process documentation in the samemanner as for other key due diligence, e.g. commercial, accounting and legal
Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☑ (H) Our investment committee (or an equivalent decision-making body) is ultimately responsible for ensuring all ESG
due diligence is completed in the same manner as for other key due diligence, e.g. commercial, accounting and legal

110Select from dropdown list:◉ (1) for all of our potential real estate investments○ (2) for a majority of our potential real estate investments○ (3) for a minority of our potential real estate investments☐ (I) Other○ (J) We do not conduct due diligence on material ESG factors for potential real estate investments

SELECTION, APPOINTMENT AND MONITORING OF THIRD-PARTY PROPERTYMANAGERSSELECTION PROCESS OF THIRD-PARTY PROPERTY MANAGERS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 6

CORE

OO 21, OO 26

N/A

PUBLIC

Selection process ofthird-party property
managers

1, 4During the reporting year, how did you include material ESG factors in all of your selections of third-party property
managers?
☑ (A) We requested information from potential third-party property managers on their overall approach to material ESG
factors☑ (B) We requested track records and examples from potential third-party property managers on their management ofmaterial ESG factors☐ (C) We requested information from potential third-party property managers on their engagement process(es) with stakeholders☐ (D) We requested documentation from potential third-party property managers on their responsible procurement practices,
including responsibilities, approach and incentives☐ (E) We requested the assessment of current and planned availability and aggregation of metering data from potential thirdparty property managers☐ (F) Other○ (G) We did not include material ESG factors in our selection of third-party property managers

APPOINTMENT PROCESS OF THIRD-PARTY PROPERTY MANAGERS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 7

CORE

OO 21, OO 26

N/A

PUBLIC

Appointment processof third-party
property managers

1, 4

How did you include material ESG factors when appointing your current third-party property managers?
☑ (A) We set dedicated ESG procedures in all relevant property management phases
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (B) We set clear ESG reporting requirements

111

Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (C) We set clear targets on material ESG factors
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☐ (D) We set incentives related to targets on material ESG factors☑ (E) We included responsible investment clauses in property management contracts
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☐ (F) Other○ (G) We did not include material ESG factors in the appointment of third-party property managers

MONITORING PROCESS OF THIRD-PARTY PROPERTY MANAGERS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 8

CORE

OO 21, OO 26

N/A

PUBLIC

Monitoring processof third-party
property managers

1, 4

How do you include material ESG factors when monitoring current third-party property managers?
☑ (A) We monitor the performance of quantitative and/or qualitative targets on material environmental factors
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (B) We monitor the performance of quantitative and/or qualitative targets on material social factors
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (C) We monitor the performance of quantitative and/or qualitative targets on material governance factors
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (D) We monitor progress reports on engagement with tenants
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (E) We require formal reporting at least yearly112

Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☑ (F) We have discussions about material ESG factors with all relevant stakeholders at least yearly
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☐ (G) We conduct a performance review of third-party property managers against targets on material ESG factors and/or afinancial incentive structure linked to material ESG factors☑ (H) We have internal or external parties conduct site visits at least yearly
Select from dropdown list:◉ (1) for all of our third-party property managers○ (2) for a majority of our third-party property managers○ (3) for a minority of our third-party property managers☐ (I) Other○ (J) We do not include material ESG factors in the monitoring of third-party property managers

CONSTRUCTION AND DEVELOPMENTCONSTRUCTION REQUIREMENTS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 9

CORE

OO 21, OO 24

N/A

PUBLIC

Construction
requirements

1

What ESG requirements do you currently have in place for all development projects and major renovations?
☑ (A) We require the management of waste by diverting materials (e.g. from construction and demolition, reusable
vegetation, rocks and soil) from disposal☑ (B) We require the minimisation of light and noise pollution that would affect the surrounding community☐ (C) We require the performance of an environmental and social site impact assessment☑ (D) We require the protection of the air quality during construction☑ (E) We require the protection and restoration of the habitat and soils disturbed during construction and/or during
previous development☑ (F) We require the protection of surface water, groundwater and aquatic ecosystems by controlling and retaining
construction pollutants☑ (G) We require constant monitoring of health and safety at the construction site
☑ (H) We require engagement with local communities and other stakeholders during the design and/or planning process☐ (I) Other○ (J) We do not have ESG requirements in place for development projects and major renovations

113

MINIMUM BUILDING REQUIREMENTS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 10

CORE

OO 21, OO 24

N/A

PUBLIC

Minimum building
requirements

1

What minimum building requirements do you have in place for development projects and major renovations?
☑ (A) We require the implementation of the latest available metering and internet of things (IoT) technology
Select from dropdown list:○ (1) for all development projects and major renovations◉ (2) for a majority of our development projects and major renovations○ (3) for a minority of our development projects and major renovations☑ (B) We require the building to be able to obtain a recognised green and/or healthy building certification for newbuildings
Select from dropdown list:◉ (1) for all development projects and major renovations○ (2) for a majority of our development projects and major renovations○ (3) for a minority of our development projects and major renovations☑ (C) We require the use of certified (or labelled) sustainable building materials
Select from dropdown list:○ (1) for all development projects and major renovations◉ (2) for a majority of our development projects and major renovations○ (3) for a minority of our development projects and major renovations☑ (D) We require the installation of renewable energy technologies where feasible
Select from dropdown list:○ (1) for all development projects and major renovations○ (2) for a majority of our development projects and major renovations◉ (3) for a minority of our development projects and major renovations☑ (E) We require that development projects and major renovations become net-zero carbon emitters within five years ofcompletion of the construction
Select from dropdown list:○ (1) for all development projects and major renovations○ (2) for a majority of our development projects and major renovations◉ (3) for a minority of our development projects and major renovations☑ (F) We require water conservation measures
Select from dropdown list:○ (1) for all development projects and major renovations◉ (2) for a majority of our development projects and major renovations○ (3) for a minority of our development projects and major renovations☑ (G) We require common health and well-being measures for occupants
Select from dropdown list:○ (1) for all development projects and major renovations◉ (2) for a majority of our development projects and major renovations○ (3) for a minority of our development projects and major renovations☐ (H) Other○ (I) We do not have minimum building requirements in place for development projects and major renovations

114

POST-INVESTMENTMONITORING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 11

CORE

OO 21

RE 11.1

PUBLIC

Monitoring

1

During the reporting year, did you track one or more KPIs on material ESG factors across your real estate investments?
☑ (A) Yes, we tracked KPIs on environmental factors
Percentage of real estate assets this applies to:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75 to 95%◉ (5) >95%
☑ (B) Yes, we tracked KPIs on social factors
Percentage of real estate assets this applies to:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75 to 95%◉ (5) >95%
☑ (C) Yes, we tracked KPIs on governance factors
Percentage of real estate assets this applies to:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75 to 95%◉ (5) >95%
○ (D) We did not track KPIs on material ESG factors across our real estate investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 11.1

PLUS

RE 11

N/A

PUBLIC

Monitoring

1

Provide examples of KPIs on material ESG factors you tracked across your real estate investments during the reporting
year.
(A) ESG KPI #1
Annual waste diversion rate(B) ESG KPI #2
Annual water reductions

115

(C) ESG KPI #3
Annual energy reductions(D) ESG KPI #4
Annual GHG reductions(E) ESG KPI #5
Green building certification(F) ESG KPI #6
Climate risk and resilience measures(G) ESG KPI #7
Health and wellness programs and building certifications(H) ESG KPI #8(I) ESG KPI #9(J) ESG KPI #10
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 12

CORE

OO 21

N/A

PUBLIC

Monitoring

1

During the reporting year, what ESG building performance data did you collect for your real estate assets?
☑ (A) Energy consumption
Select from dropdown list:○ (1) for all of our real estate assets◉ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (B) Water consumption
Select from dropdown list:○ (1) for all of our real estate assets◉ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (C) Waste production
Select from dropdown list:○ (1) for all of our real estate assets◉ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☐ (D) Other○ (E) We did not collect ESG building performance data for our real estate assets

116IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 13

CORE

OO 21, OO 26

RE 13.1

PUBLIC

Monitoring

1, 2What processes do you have in place to support meeting your targets on material ESG factors for your real estate
investments?
☑ (A) We use operational-level benchmarks to assess and analyse the performance of assets against sector
performance
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (B) We implement certified environmental and social management systems across our portfolio
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (C) We make sufficient budget available to ensure that the systems and procedures needed are established
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (D) We hire external verification services to audit performance, systems, and procedures
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (E) We collaborate and engage with our third-party property managers and/or tenants to develop action plans
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (F) We develop minimum health and safety standards
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☑ (G) We conduct ongoing engagement with all key stakeholders, e.g. local communities, NGOs, governments, and endusers
Select from dropdown list:◉ (1) for all of our real estate assets○ (2) for a majority of our real estate assets○ (3) for a minority of our real estate assets☐ (H) Other○ (I) We do not have processes in place to help meet our targets on material ESG factors for our real estate investments

117

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 13.1

PLUS

RE 13

N/A

PUBLIC

Monitoring

1, 2

Describe up to two processes you put in place during the reporting year to support meeting your targets on material ESG
factors.
(A) Process one
We held trainings with our Property Management and Operations Teams to provide an overview of our sustainability program andobjectives. The goal of the training was to detail why sustainability matters, outline Manulife Investment Management's approach to realestate sustainability integration, outline programs and expectations and targets.

(B) Process two
We utilized a dedicated energy manager to support the identification of efficiency opportunities across our Canadian portfolio. In
addition, we implemented an energy management tracker to monitor efficiency program savings and support scaling successful projects
across the portfolio to support meeting our environmental targets.

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 14

CORE

OO 21

N/A

PUBLIC

Monitoring

1, 2

Post-investment, how do you manage material ESG risks and ESG opportunities to create value during the holding
period?
☑ (A) We develop property-specific ESG action plans based on pre-investment research, due diligence and materiality
findings
Select from dropdown list:◉ (1) for all of our real estate investments○ (2) for a majority of our real estate investments○ (3) for a minority of our real estate investments☑ (B) We adjust our ESG action plans based on performance monitoring findings at least yearly
Select from dropdown list:◉ (1) for all of our real estate investments○ (2) for a majority of our real estate investments○ (3) for a minority of our real estate investments☑ (C) We, or the external advisors that we hire, support our real estate investments with specific ESG value-creation
opportunities
Select from dropdown list:◉ (1) for all of our real estate investments○ (2) for a majority of our real estate investments○ (3) for a minority of our real estate investments☐ (D) Other○ (E) We do not manage material ESG risks and opportunities post-investment

118

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 15

PLUS

OO 21

N/A

PUBLIC

Monitoring

1, 2

Describe how you ensure that material ESG risks are adequately addressed in the real estate investments where you holda minority stake.
At Manulife Investment Management, the same ESG approach is taken whether we hold a majority or minority stake in an investment. Forus, sustainable investing involves assessing ESG factors in our investment analysis to encourage adoption and sustainable markets.
Systematically considering sustainability during the investment stage of real estate portfolio management mitigates sustainability-relatedrisks and supports long-term value creation.
Our real estate investment teams have access to a set of sustainable investing tools that help them assess both environmental and social
factors that are potentially material to new acquisitions. This includes considerations as part of initial screening, initial underwriting, due
diligence, and finalizing the deal. The outputs includes quantitative and qualitative assessments on various material ESG topics such asenergy and greenhouse gases, climate risk and resilience, health and wellness, alternative transportation, indoor air quality, nature andbiodiversity, and affordable housing.

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 16

PLUS

OO 21

N/A

PUBLIC

Monitoring

1, 2

Describe how your ESG action plans are currently defined, implemented and monitored throughout the investment period.
As long-term managers of real estate properties, we seek to generate attractive returns for both Manulife and our third-party investors
through current income and long-term capital appreciation. We recognize that ESG factors can significantly influence returns, and theassessment of the risk and opportunities of ESG factors is a key part of our business strategy. Our Real Estate Sustainability Frameworkoutlines our commitments to address environmental, social and governance aspects in our real estate management practices. Our realestate activities are also guided by Manulife Investment Management’s Climate Change Statement, which defines our principles to manage
climate-related risks and opportunities across our businesses and investments to appropriately price climate risk.
When it comes to real estate investing, key sustainability decisions related to business-wide policy and commitments are taken by theprivate markets sustainable investing committee, with direction from the private markets chief sustainability officer and support from the realestate sustainability team. Sustainability decisions affecting specific areas of the business are taken collaboratively through the participationof sustainability team members in decision-making bodies, such as investment committees or strategy working groups.
Manulife Investment Management’s Sustainable Building Standards act as our guide to advancing sustainability within all buildings andregions. The Standards define requirements and best practices to property teams and encourage improvement on areas such asenvironmental risks, energy and water consumption, waste diversion, greenhouse gases, climate risks, nature and biodiversity, and social
impact. Our standards allow us to:119• Meet industry and stakeholder expectations such as supporting requirements for certifications, GRESB, and Principles for Responsible
Investment• Drive leadership across their five sustainable real estate commitments• Enable benchmarking of sustainability performance and understanding of business outcomes• Provide tools and resources for third-party property managers
In 2022, we updated our Sustainable Building Standards to adapt to industry changes and ensure continuous improvement across ourglobal portfolio. To ensure its sustainability practices are upheld, we include the Sustainable Building Standards in our property
management agreements and require them to report on their progress on an annual basis.
We produce an annual Real Estate Sustainability Report and communicate material ESG-related information to our investors in ourquarterly reports. We report to industry standards such as GRESB and PRI on an annual basis.

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 17

CORE

OO 21

N/A

PUBLIC

Monitoring

1

What proportion of your real estate assets has obtained a green or sustainable building certification?
○ (A) All of our real estate assets have obtained a green or sustainable building certification◉ (B) A majority of our real estate assets have obtained a green or sustainable building certification○ (C) A minority of our real estate assets have obtained a green or sustainable building certification○ (D) None of our real estate assets have obtained a green or sustainable building certification

STAKEHOLDER ENGAGEMENT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 18

CORE

OO 21

N/A

PUBLIC

Stakeholder
engagement

1, 2

How does your third-party property manager(s) engage with tenants?
☑ (A) They engage with real estate tenants on energy, water consumption and/or waste production
Select from dropdown list:◉ (1) for all of our buildings or properties○ (2) for a majority of our buildings or properties○ (3) for a minority of our buildings or properties☑ (B) They engage with real estate tenants by organising tenant events focused on increasing sustainability awareness,
ESG training and guidance
Select from dropdown list:○ (1) for all of our buildings or properties◉ (2) for a majority of our buildings or properties○ (3) for a minority of our buildings or properties☑ (C) They engage with real estate tenants by offering green leases

120Select from dropdown list:◉ (1) for all of our buildings or properties○ (2) for a majority of our buildings or properties○ (3) for a minority of our buildings or properties☑ (D) They engage with real estate tenants by identifying collaboration opportunities that support targets related tomaterial ESG factors
Select from dropdown list:○ (1) for all of our buildings or properties◉ (2) for a majority of our buildings or properties○ (3) for a minority of our buildings or properties☑ (E) They engage with real estate tenants by offering shared financial benefits from equipment upgrades
Select from dropdown list:○ (1) for all of our buildings or properties○ (2) for a majority of our buildings or properties◉ (3) for a minority of our buildings or properties☐ (F) Other○ (G) Our third-party property manager(s) do not engage with tenants
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 19

PLUS

OO 21

N/A

PUBLIC

Stakeholder
engagement

1, 2

During the reporting year, how did you or the organisations operating on your behalf engage with the local community
above and beyond what is required by relevant regulations for asset design, use and/or repurposing?
Integrating sustainability into developments is a key first step to support the sustainability commitments and objectives of both our standing
real estate portfolio and Manulife Investment Management more broadly. To support implementation, we created a suite of proprietary tools
for our development teams, including responsible contracting and procurement practices, which include the following community
engagement requirements:• Implement a community engagement plan that outlines how impact on the local community will be monitored and addressed throughout
the entire development. The plan identifies relevant stakeholders and impacted groups, identifies community nuisances, disruptions andrisks and outlines mitigation methods. The plan also includes a formal process to respond to complaints and concerns.
• Log and provide monthly any formally received complaints from the community surrounding the construction site or complaints received
from other stakeholders impacted by construction activities. The complaint log will detail date, name, and contact of issuer, compliant
description and follow-up actions taken.
• Implement a safety management plan that identifies safety hazards associated with construction activities and site and outlines methods
to protect workers, the community and other stakeholders that could be potentially harmed.
• Request the approximate number of local employees the contractor will employ for construction (e.g., employees that live within the samemunicipality of the construction site)

121

EXIT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 20

CORE

OO 21

N/A

PUBLICExit

4, 6

During the reporting year, what responsible investment information was shared with potential buyers of real estate
investments?
☑ (A) Our firm's high-level commitment to responsible investment, e.g. that we are a PRI signatory
Select from dropdown list:◉ (1) for all of our real estate investments○ (2) for a majority of our real estate investments○ (3) for a minority of our real estate investments☑ (B) A description of what industry and asset class standards our firm aligns with, e.g. TCFD or GRESB
Select from dropdown list:◉ (1) for all of our real estate investments○ (2) for a majority of our real estate investments○ (3) for a minority of our real estate investments☑ (C) Our firm's responsible investment policy (at minimum, a summary of key aspects and firm-specific approach)Select from dropdown list:◉ (1) for all of our real estate investments○ (2) for a majority of our real estate investments○ (3) for a minority of our real estate investments☑ (D) Our firm's ESG risk assessment methodology (topics covered in-house and/or with external support)
Select from dropdown list:○ (1) for all of our real estate investments○ (2) for a majority of our real estate investments◉ (3) for a minority of our real estate investments☑ (E) The outcome of our latest ESG risk assessment of the property(s)Select from dropdown list:○ (1) for all of our real estate investments○ (2) for a majority of our real estate investments◉ (3) for a minority of our real estate investments☑ (F) Key ESG performance data on the property(s) being soldSelect from dropdown list:○ (1) for all of our real estate investments○ (2) for a majority of our real estate investments◉ (3) for a minority of our real estate investments☐ (G) Other○ (H) No responsible investment information was shared with potential buyers of real estate investments during the reportingyear○ (I) Not applicable; we had no sales process (or control over the sales process) during the reporting year

122

DISCLOSURE OF ESG PORTFOLIO INFORMATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

RE 21

CORE

OO 21

N/A

PUBLIC

Disclosure of ESG
portfolio information

6

During the reporting year, how did you report on your targets on material ESG factors and related data to your investors?
☑ (A) We reported through a publicly disclosed sustainability report☑ (B) We reported in aggregate through formal reporting to investors☑ (C) We reported at the property level through formal reporting to investors☑ (D) We reported through a limited partners advisory committee (or equivalent)☑ (E) We reported at digital or physical events or meetings with investors☑ (F) We had a process in place to ensure that serious ESG incidents were reported☐ (G) Other○ (H) We did not report our targets on material ESG factors and related data to our investors during the reporting year

INFRASTRUCTURE (INF)
POLICYINVESTMENT GUIDELINES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 1

CORE

OO 21, OO 29,
OO 30

N/A

PUBLIC

Investment
guidelines

1 to 6

What infrastructure-specific ESG guidelines are currently covered in your organisation’s responsible investment
policy(ies)?
☑ (A) Guidelines on our ESG approach tailored to each infrastructure sector and geography where we invest☐ (B) Guidelines on our ESG approach to greenfield investments☐ (C) Guidelines on our ESG approach to brownfield investments☑ (D) Guidelines on pre-investment screening☑ (E) Guidelines on our approach to ESG integration into short-term or 100-day plans (or equivalent)☑ (F) Guidelines on our approach to ESG integration into long-term value-creation efforts☑ (G) Guidelines on our approach to ESG reporting☑ (H) Guidelines on our engagement approach related to the workforce☐ (I) Guidelines on our engagement approach related to third-party operators☑ (J) Guidelines on our engagement approach related to contractors☑ (K) Guidelines on our engagement approach related to other external stakeholders, e.g. governments, local
communities, and end-users○ (L) Our responsible investment policy(ies) does not cover infrastructure-specific ESG guidelines

123

FUNDRAISINGCOMMITMENTS TO INVESTORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 2

CORE

OO 21

N/A

PUBLIC

Commitments toinvestors

1, 4

For all of the funds that you closed during the reporting year, what type of formal responsible investment commitments
did you make in Limited Partnership Agreements (LPAs), side letters, or other constitutive fund documents?
◉ (A) We incorporated responsible investment commitments in LPAs (or equivalent) as a standard default procedure○ (B) We added responsible investment commitments in LPAs (or equivalent) upon a client’s request○ (C) We added responsible investment commitments in side letters upon a client’s request○ (D) We did not make any formal responsible investment commitments for the relevant reporting year
○ (E) Not applicable; we have not raised funds in the last five years

PRE-INVESTMENT
MATERIALITY ANALYSIS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 3

CORE

OO 21

INF 3.1

PUBLIC

Materiality analysis

1

During the reporting year, how did you conduct ESG materiality analysis for your potential infrastructure investments?
◉ (A) We assessed ESG materiality at the asset level, as each case is unique
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments○ (B) We performed a mix of industry-level and asset-level ESG materiality analyses○ (C) We assessed ESG materiality at the industry level only
○ (D) We did not conduct ESG materiality analysis for our potential infrastructure investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 3.1

CORE

INF 3

N/A

PUBLIC

Materiality analysis

1124During the reporting year, what tools, standards and data did you use in your ESG materiality analysis of potential
infrastructure investments?
☐ (A) We used GRI standards to inform our infrastructure ESG materiality analysis☑ (B) We used SASB standards to inform our infrastructure ESG materiality analysis☐ (C) We used the UN Sustainable Development Goals (SDGs) to inform our infrastructure ESG materiality analysis☑ (D) We used the GRESB Materiality Assessment (RC7) or similar to inform our infrastructure ESG materiality analysis☐ (E) We used the environmental and social factors detailed in the IFC Performance Standards (or similar standards used bydevelopment finance institutions) in our infrastructure ESG materiality analysis☑ (F) We used climate disclosures, such as the TCFD recommendations or other climate risk and/or exposure analysis
tools, to inform our infrastructure ESG materiality analysis☐ (G) We used the UN Guiding Principles on Business and Human Rights (UNGPs) to inform our infrastructure ESG materiality
analysis☑ (H) We used geopolitical and macro-economic considerations in our infrastructure ESG materiality analysis☑ (I) We engaged with existing owners and/or managers (or developers for new infrastructure assets) to inform ourinfrastructure ESG materiality analysis☐ (J) Other

DUE DILIGENCE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 4

CORE

OO 21

N/A

PUBLICDue diligence1

During the reporting year, how did material ESG factors influence the selection of your infrastructure investments?
☑ (A) Material ESG factors were used to identify risks
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (B) Material ESG factors were discussed by the investment committee (or equivalent)
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (C) Material ESG factors were used to identify remedial actions for our 100-day plans (or equivalent)
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (D) Material ESG factors were used to identify opportunities for value creation
Select from dropdown list
○ (1) for all of our potential infrastructure investments◉ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (E) Material ESG factors informed our decision to abandon potential investments in the due diligence phase in cases
where ESG risks were considered too high to mitigate

125Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (F) Material ESG factors impacted investments in terms of the price offered and/or paid
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments○ (G) Material ESG factors did not influence the selection of our infrastructure investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 5

CORE

OO 21

N/A

PUBLICDue diligence

1

Once material ESG factors have been identified, what processes do you use to conduct due diligence on these factors forpotential infrastructure investments?
☑ (A) We conduct a high-level or desktop review against an ESG checklist for initial red flags
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (B) We send detailed ESG questionnaires to target assets
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (C) We hire third-party consultants to do technical due diligence on specific material ESG factors
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (D) We conduct site visits
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (E) We conduct in-depth interviews with management and/or personnel
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☐ (F) We conduct detailed external stakeholder analyses and/or engagement☑ (G) We incorporate ESG due diligence findings in all of our relevant investment process documentation in the samemanner as other key due diligence, e.g. commercial, accounting and legal

126

Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☑ (H) Our investment committee (or an equivalent decision-making body) is ultimately responsible for ensuring all ESG
due diligence is completed in the same manner as for other key due diligence, e.g. commercial, accounting and legal
Select from dropdown list
◉ (1) for all of our potential infrastructure investments○ (2) for a majority of our potential infrastructure investments○ (3) for a minority of our potential infrastructure investments☐ (I) Other○ (J) We do not conduct due diligence on material ESG factors for potential infrastructure investments

SELECTION, APPOINTMENT AND MONITORING OF THIRD-PARTY
OPERATORSSELECTION PROCESS OF THIRD-PARTY OPERATORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 6

CORE

OO 21, OO 30

N/A

PUBLIC

Selection process ofthird-party operators

1, 4

During the reporting year, how did you include material ESG factors in all of your selections of third-party operators?
☐ (A) We requested information from potential third-party operators on their overall approach to material ESG factors☑ (B) We requested track records and examples from potential third-party operators on how they manage material ESG
factors☐ (C) We requested information from potential third-party operators on their engagement process(es) with stakeholders☑ (D) We requested documentation from potential third-party operators on their responsible procurement and/or
contractor practices, including responsibilities, approach, and incentives☐ (E) Other○ (F) We did not include material ESG factors in our selection of third-party operators

127

APPOINTMENT PROCESS OF THIRD-PARTY OPERATORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 7

CORE

OO 21, OO 30

N/A

PUBLIC

Appointment processof third-party
operators

1, 4

How did you include material ESG factors when appointing your current third-party operators?
☐ (A) We set clear and detailed expectations for incorporating material ESG factors into all relevant elements of infrastructure
asset management☑ (B) We set clear ESG reporting requirements
Select from dropdown list
◉ (1) for all of our third-party operators○ (2) for a majority of our third-party operators○ (3) for a minority of our third-party operators☐ (C) We set clear targets for material ESG factors☐ (D) We set incentives related to targets on material ESG factors☐ (E) Other○ (F) We did not include material ESG factors when appointing third-party operators

MONITORING PROCESS OF THIRD-PARTY OPERATORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 8

CORE

OO 21, OO 30

N/A

PUBLIC

Monitoring processof third-party
operators

1, 4

How do you include material ESG factors when monitoring current third-party operators?
☑ (A) We monitor the performance of quantitative and/or qualitative targets on material environmental factors
Select from dropdown list
○ (1) for all of our third-party operators◉ (2) for a majority of our third-party operators○ (3) for a minority of our third-party operators☑ (B) We monitor the performance of quantitative and/or qualitative targets on material social factors
Select from dropdown list
○ (1) for all of our third-party operators◉ (2) for a majority of our third-party operators○ (3) for a minority of our third-party operators☑ (C) We monitor the performance of quantitative and/or qualitative targets on material governance factors
Select from dropdown list
○ (1) for all of our third-party operators◉ (2) for a majority of our third-party operators○ (3) for a minority of our third-party operators☑ (D) We require formal reporting at least yearly128

Select from dropdown list
○ (1) for all of our third-party operators◉ (2) for a majority of our third-party operators○ (3) for a minority of our third-party operators☐ (E) We have discussions about material ESG factors with all relevant stakeholders at least yearly☐ (F) We conduct a performance review of third-party operators against targets on material ESG factors and/or a financial
incentive structure linked to material ESG factors☑ (G) We have internal or external parties conduct site visits at least yearly
Select from dropdown list
○ (1) for all of our third-party operators◉ (2) for a majority of our third-party operators○ (3) for a minority of our third-party operators☐ (H) Other○ (I) We do not include material ESG factors in the monitoring of third-party operators

POST-INVESTMENTMONITORING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 9

CORE

OO 21

INF 9.1

PUBLIC

Monitoring

1

During the reporting year, did you track one or more KPIs on material ESG factors across your infrastructure
investments?
☑ (A) Yes, we tracked KPIs on environmental factors
Percentage of infrastructure assets this applies to:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75 to 95%◉ (5) >95%
☑ (B) Yes, we tracked KPIs on social factors
Percentage of infrastructure assets this applies to:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75 to 95%◉ (5) >95%
☑ (C) Yes, we tracked KPIs on governance factors
Percentage of infrastructure assets this applies to:○ (1) >0 to 10%○ (2) >10 to 50%○ (3) >50 to 75%○ (4) >75 to 95%◉ (5) >95%
○ (D) We did not track KPIs on material ESG factors across our infrastructure investments

129

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 10CORE

OO 21, OO 30

INF 10.1

PUBLIC

Monitoring

1, 2What processes do you have in place to support meeting your targets on material ESG factors for your infrastructure
investments?
☑ (A) We use operational-level benchmarks to assess and analyse the performance of assets against sector
performance
Select from dropdown list
○ (1) for all of our infrastructure investments◉ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☐ (B) We implement international best practice standards such as the IFC Performance Standards to guide ongoingassessments and analyses☐ (C) We implement certified environmental and social management systems across our portfolio☑ (D) We make sufficient budget available to ensure that the systems and procedures needed are established
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☐ (E) We hire external verification services to audit performance, systems, and procedures☑ (F) We collaborate and engage with our third-party operators to develop action plans
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☐ (G) We develop minimum health and safety standards☐ (H) We conduct ongoing engagement with all key stakeholders, e.g. local communities, NGOs, governments, and end-users☐ (I) Other○ (J) We do not have processes in place to help meet our targets on material ESG factors for our infrastructure investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 11

CORE

OO 21

N/A

PUBLIC

Monitoring

1, 2

Post-investment, how do you manage material ESG risks and ESG opportunities to create value during the holding periodof your investments?
☑ (A) We develop asset-specific ESG action plans based on pre-investment research, due diligence and materiality
findings
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☑ (B) We adjust our ESG action plans based on performance monitoring findings at least yearly130Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☑ (C) We, or the external advisors that we hire, support our infrastructure investments with specific ESG value-creation
opportunities
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☐ (D) Other○ (E) We do not manage material ESG risks and opportunities post-investment
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 14

CORE

OO 21

INF 14.1

PUBLIC

Monitoring

1, 2

How do you ensure that adequate ESG-related competence exists at the asset level?
☑ (A) We assign our board responsibility for ESG matters
Select from dropdown list
○ (1) for all of our infrastructure investments◉ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☑ (B) We ensure that material ESG matters are discussed by our board at least yearly
Select from dropdown list
◉ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☐ (C) We provide training on ESG aspects and management best practices relevant to the asset to C-suite executives only
☐ (D) We provide training on ESG aspects and management best practices relevant to the asset to employees (excl. C-suite
executives)☑ (E) We support the asset by finding external ESG expertise, e.g. consultants or auditors
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☑ (F) We share best practices across assets, e.g. educational sessions and the implementation of environmental andsocial management systems
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☑ (G) We apply penalties or incentives to improve ESG performance in management remuneration schemes
Select from dropdown list
○ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments◉ (3) for a minority of our infrastructure investments☐ (H) Other○ (I) We do not ensure that adequate ESG-related competence exists at the asset level

131

EXIT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 16

CORE

OO 21

N/A

PUBLICExit

4, 6

During the reporting year, what responsible investment information was shared with potential buyers of infrastructure
investments?
☑ (A) Our firm’s high-level commitment to responsible investment, e.g. that we are a PRI signatory
Select from dropdown list
◉ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☑ (B) A description of what industry and asset class standards our firm aligns with, e.g. TCFD or GRESB
Select from dropdown list
◉ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☑ (C) Our firm’s responsible investment policy (at minimum, a summary of key aspects and firm-specific approach)Select from dropdown list
◉ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☐ (D) Our firm’s ESG risk assessment methodology (topics covered in-house and/or with external support)☐ (E) The outcome of our latest ESG risk assessment on the asset or portfolio company☑ (F) Key ESG performance data on the asset or portfolio company being soldSelect from dropdown list
◉ (1) for all of our infrastructure investments○ (2) for a majority of our infrastructure investments○ (3) for a minority of our infrastructure investments☐ (G) Other○ (H) No responsible investment information was shared with potential buyers of infrastructure investments during the reportingyear○ (I) Not applicable; we had no sales process (or control over the sales process) during the reporting year

132

DISCLOSURE OF ESG PORTFOLIO INFORMATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

INF 17

CORE

OO 21

N/A

PUBLIC

Disclosure of ESG
portfolio information

6

During the reporting year, how did you report your targets on material ESG factors and related data to your investors?
☑ (A) We reported through a publicly-disclosed sustainability report☑ (B) We reported in aggregate through formal reporting to investors☑ (C) We reported at the asset level through formal reporting to investors☐ (D) We reported through a limited partners advisory committee (or equivalent)☑ (E) We reported at digital or physical events or meetings with investors☑ (F) We had a process in place to ensure that reporting on serious ESG incidents occurred☐ (G) Other○ (H) We did not report our targets on material ESG factors and related data to our investors during the reporting year

PRIVATE EQUITY (PE)POLICYINVESTMENT GUIDELINES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 1

CORE

OO 21

N/A

PUBLIC

Investment
guidelines

1 to 6

What private equity–specific ESG guidelines are currently covered in your organisation's responsible investment
policy(ies)?
☑ (A) Guidelines on our ESG approach tailored to the sector(s) and geography(ies) where we invest☑ (B) Guidelines on our ESG approach tailored to the strategy(ies) and company stage(s) where we invest, e.g. venture
capital, buy-out and distressed☑ (C) Guidelines on pre-investment screening☑ (D) Guidelines on minimum ESG due diligence requirements☑ (E) Guidelines on our approach to ESG integration into short-term or 100-day plans (or equivalent)☑ (F) Guidelines on our approach to ESG integration into long-term value-creation efforts☑ (G) Guidelines on our approach to monitoring ESG risks, ESG opportunities and ESG incidents☑ (H) Guidelines on our approach to ESG reporting○ (I) Our responsible investment policy(ies) does not cover private equity–specific ESG guidelines133

FUNDRAISINGCOMMITMENTS TO INVESTORS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 2

CORE

OO 21

N/A

PUBLIC

Commitments toinvestors

1, 4

For all of the funds that you closed during the reporting year, what type of formal responsible investment commitments
did you make in Limited Partnership Agreements (LPAs), side letters or other constitutive fund documents?
○ (A) We incorporated responsible investment commitments in LPAs (or equivalent) as a standard default procedure○ (B) We added responsible investment commitments in LPAs (or equivalent) upon clients' request◉ (C) We added responsible investment commitments in side letters upon clients' request○ (D) We did not make any formal responsible investment commitments for the relevant reporting year
○ (E) Not applicable; we have not raised funds in the last five years

PRE-INVESTMENT
MATERIALITY ANALYSIS
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 3

CORE

OO 21

PE 3.1

PUBLIC

Materiality analysis

1

During the reporting year, how did you conduct ESG materiality analysis for your potential private equity investments?
◉ (A) We assessed ESG materiality at the portfolio company level, as each case is unique
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for the majority of our potential private equity investments○ (3) for a minority of our potential private equity investments○ (B) We performed a mix of industry-level and portfolio company-level ESG materiality analyses○ (C) We assessed ESG materiality at the industry level only
○ (D) We did not conduct ESG materiality analyses for our potential private equity investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 3.1

CORE

PE 3

N/A

PUBLIC

Materiality analysis

1134During the reporting year, what tools, standards and data did you use in your ESG materiality analysis of potential private
equity investments?
☐ (A) We used GRI standards to inform our private equity ESG materiality analysis☑ (B) We used SASB standards to inform our private equity ESG materiality analysis☐ (C) We used the UN Sustainable Development Goals (SDGs) to inform our private equity ESG materiality analysis☐ (D) We used environmental and social factors detailed in the IFC Performance Standards (or other similar standards used bydevelopment-focused financial institutions) in our private equity ESG materiality analysis☑ (E) We used climate disclosures, such as the TCFD recommendations or other climate risk and/or exposure analysis
tools, to inform our private equity ESG materiality analysis☐ (F) We used the UN Guiding Principles on Business and Human Rights (UNGPs) to inform our private equity ESG materiality
analysis☑ (G) We used geopolitical and macro-economic considerations in our private equity ESG materiality analysis☐ (H) We engaged with the prospective portfolio company to inform our private equity ESG materiality analysis☑ (I) Other
Specify:
PRI LP Due Diligence Questionnaire, additional expertise from Sustainable Investing team

DUE DILIGENCE
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 4

CORE

OO 21

N/A

PUBLICDue diligence1

During the reporting year, how did material ESG factors influence the selection of your private equity investments?
☑ (A) Material ESG factors were used to identify risks
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for the majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☑ (B) Material ESG factors were discussed by the investment committee (or equivalent)
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for the majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☐ (C) Material ESG factors were used to identify remedial actions for our 100-day plans (or equivalent)☑ (D) Material ESG factors were used to identify opportunities for value creation
Select from dropdown list
○ (1) for all of our potential private equity investments○ (2) for the majority of our potential private equity investments◉ (3) for a minority of our potential private equity investments☑ (E) Material ESG factors informed our decision to abandon potential investments in the due diligence phase in cases
where ESG risks were considered too high to mitigate
Select from dropdown list
○ (1) for all of our potential private equity investments○ (2) for the majority of our potential private equity investments◉ (3) for a minority of our potential private equity investments☐ (F) Material ESG factors impacted investments in terms of the price offered and/or paid
○ (G) Material ESG factors did not influence the selection of our private equity investments

135

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 5

CORE

OO 21

N/A

PUBLICDue diligence

1

Once material ESG factors have been identified, what processes do you use to conduct due diligence on these factors forpotential private equity investments?
☑ (A) We do a high-level or desktop review using an ESG checklist for initial red flags
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☑ (B) We send detailed ESG questionnaires to target companies
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☑ (C) We hire third-party consultants to do technical due diligence on specific material ESG factors
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☑ (D) We conduct site visits
Select from dropdown list
○ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments◉ (3) for a minority of our potential private equity investments☑ (E) We conduct in-depth interviews with management and/or personnel
Select from dropdown list
○ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments◉ (3) for a minority of our potential private equity investments☑ (F) We conduct detailed external stakeholder analyses and/or engagement
Select from dropdown list
○ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments◉ (3) for a minority of our potential private equity investments☑ (G) We incorporate ESG due diligence findings in all of our relevant investment process documentation in the samemanner as other key due diligence, e.g. commercial, accounting and legal
Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☑ (H) Our investment committee (or an equivalent decision-making body) is ultimately responsible for ensuring all ESG
due diligence is completed in the same manner as for other key due diligence, e.g. commercial, accounting, and legal

136

Select from dropdown list
◉ (1) for all of our potential private equity investments○ (2) for a majority of our potential private equity investments○ (3) for a minority of our potential private equity investments☐ (I) Other○ (J) We do not conduct due diligence on material ESG factors for potential private equity investments

POST-INVESTMENTMONITORING
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 6

CORE

OO 21

PE 6.1

PUBLIC

Monitoring

1

During the reporting year, did you track one or more KPIs on material ESG factors across your private equity
investments?
☑ (A) Yes, we tracked KPIs on environmental factors
Percentage of portfolio companies this applies to:○ (1) >0 to 10%○ (2) >10 to 50%◉ (3) >50 to 75%○ (4) >75 to 95%○ (5) >95%
☑ (B) Yes, we tracked KPIs on social factors
Percentage of portfolio companies this applies to:○ (1) >0 to 10%○ (2) >10 to 50%◉ (3) >50 to 75%○ (4) >75 to 95%○ (5) >95%
☑ (C) Yes, we tracked KPIs on governance factors
Percentage of portfolio companies this applies to:○ (1) >0 to 10%○ (2) >10 to 50%◉ (3) >50 to 75%○ (4) >75 to 95%○ (5) >95%
○ (D) We did not track KPIs on material ESG factors across our private equity investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 6.1

PLUS

PE 6

N/A

PUBLIC

Monitoring

1

Provide examples of KPIs on material ESG factors you tracked across your private equity investments during thereporting year.

137

(A) ESG KPI #1
GHG emissions (Scope 1 & 2 emissions)(B) ESG KPI #2
Renewable Energy Consumption(C) ESG KPI #3
Gender and minority representation on the board(D) ESG KPI #4
Gender and minority representation in executive positions(E) ESG KPI #5
Annual attrition (%)(F) ESG KPI #6
Rate of work-related injuries(G) ESG KPI #7(H) ESG KPI #8(I) ESG KPI #9(J) ESG KPI #10
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 7

CORE

OO 21

PE 7.1

PUBLIC

Monitoring

1, 2What processes do you have in place to support meeting your targets on material ESG factors for your private equity
investments?
☑ (A) We use operational-level benchmarks to assess and analyse the performance of portfolio companies against
sector performance
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☐ (B) We implement international best practice standards, such as the IFC Performance Standards, to guide ongoingassessments and analyses☐ (C) We implement certified environmental and social management systems across our portfolio☐ (D) We make sufficient budget available to ensure that the systems and procedures needed are established☐ (E) We hire external verification services to audit performance, systems, and procedures☐ (F) We conduct ongoing engagement with all key stakeholders at the portfolio company level, e.g. local communities, NGOs,
governments, and end-users☑ (G) We implement 100-day plans, ESG roadmaps and similar processes
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☐ (H) Other138

○ (I) We do not have processes in place to help meet our targets on material ESG factors for our private equity investments
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 9

CORE

OO 21

N/A

PUBLIC

Monitoring

1, 2

Post-investment, how do you manage material ESG risks and ESG opportunities to create value during the holding periodof your investments?
☑ (A) We develop company-specific ESG action plans based on pre-investment research, due diligence and materiality
findings
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (B) We adjust our ESG action plans based on performance monitoring findings at least yearly
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (C) We, or the external advisors that we hire, support our private equity investments with specific ESG value-creation
opportunities
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (D) We engage with the board to manage ESG risks and ESG opportunities post-investment
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☐ (E) Other○ (F) We do not manage material ESG risks and opportunities post-investment
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 10

PLUS

OO 21

N/A

PUBLIC

Monitoring

1, 2

Describe how you ensure that material ESG risks are adequately addressed in the private equity investments in which you
hold a minority stake.

139

Where we hold minority stakes in private equity investments, we diligence and monitor the sponsors’ execution of post-investment ESG
action plans addressing key ESG findings from diligence. Specifically, we look for ESG action plans related to material ESG risks andopportunities assessed during diligence, performance monitoring process (e.g., KPIs, ESG initiatives and target) and the tracking &management of material ESG incidents. We look for sponsors’ annual reviews on monitoring of key ESG findings, how adjustments are
made to ESG action plans to reflect progress, including management of ESG risks and opportunities through board positions. Annually, we
collect data from sponsors and portfolio companies to benchmark and monitor ESG performance.

Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 12

CORE

OO 21

PE 12.1

PUBLIC

Monitoring

1, 2

How do you ensure that adequate ESG-related competence exists at the portfolio company level?
☑ (A) We assign the board responsibility for ESG matters
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (B) We ensure that material ESG matters are discussed by the board at least yearly
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☐ (C) We provide training on ESG aspects and management best practices relevant to the portfolio company to C-suite
executives only
☑ (D) We provide training on ESG aspects and management best practices relevant to the portfolio company toemployees (excl. C-suite executives)
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (E) We support the portfolio company in developing and implementing its ESG strategy
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (F) We support portfolio companies by finding external ESG expertise, e.g. consultants or auditors
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☑ (G) We share best practices across portfolio companies, e.g. educational sessions or the implementation ofenvironmental and social management systems
Select from dropdown list
○ (1) for all of our private equity investments◉ (2) for a majority of our private equity investments○ (3) for a minority of our private equity investments☐ (H) We include penalties or incentives to improve ESG performance in management remuneration schemes☐ (I) Other○ (J) We do not ensure that adequate ESG-related competence exists at the portfolio company level

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EXIT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 13

CORE

OO 21

N/A

PUBLICExit

4, 6

During the reporting year, what responsible investment information was shared with potential buyers of private equity
investments?
☐ (A) Our firm's high-level commitment to responsible investment, e.g. that we are a PRI signatory☐ (B) A description of what industry and asset class standards our firm aligns with, e.g. TCFD
☐ (C) Our firm's responsible investment policy (at minimum, a summary of key aspects and firm-specific approach)☐ (D) Our firm's ESG risk assessment methodology (topics covered in-house and/or with external support)☐ (E) The outcome of our latest ESG risk assessment on the asset or portfolio company☐ (F) Key ESG performance data on the asset or portfolio company being sold
☐ (G) Other○ (H) No responsible investment information was shared with potential buyers of private equity investments during the reportingyear◉ (I) Not applicable; we had no sales process (or control over the sales process) during the reporting year

DISCLOSURE OF ESG PORTFOLIO INFORMATION
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

PE 14

CORE

OO 21

N/A

PUBLIC

Disclosure of ESG
portfolio information

6

During the reporting year, how did you report your targets on material ESG factors and related data to your investors?
☑ (A) We used a publicly disclosed sustainability report☑ (B) We reported in aggregate through formal reporting to investors☐ (C) We reported at the portfolio company level through formal reporting to investors☑ (D) We reported through a limited partners advisory committee (or equivalent)☑ (E) We reported back at digital or physical events or meetings with investors☑ (F) We had a process in place to ensure that reporting on serious ESG incidents occurred☐ (G) Other○ (H) We did not report our targets on material ESG factors and related data to our investors during the reporting year141

CONFIDENCE-BUILDING MEASURES (CBM)
CONFIDENCE-BUILDING MEASURESAPPROACH TO CONFIDENCE-BUILDING MEASURES
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

CBM 1

CORE

N/A

Multiple
indicators

PUBLICApproach toconfidence-building
measures6

How did your organisation verify the information submitted in your PRI report this reporting year?
☐ (A) We conducted independent third-party assurance of selected processes and/or data related to the responsible investment
processes reported in our PRI report, which resulted in a formal assurance conclusion☐ (B) We conducted a third-party readiness review and are making changes to our internal controls or governance processes tobe able to conduct independent third-party assurance next year
☑ (C) We conducted an internal audit of selected processes and/or data related to the responsible investment processes
reported in our PRI report☑ (D) Our board, trustees (or equivalent), senior executive-level staff (or equivalent), and/or investment committee (orequivalent) signed off on our PRI report☐ (E) We conducted an external ESG audit of our holdings to verify that our funds comply with our responsible investment policy☐ (F) We conducted an external ESG audit of our holdings as part of risk management, engagement identification or investment
decision-making☑ (G) Our responses in selected sections and/or the entirety of our PRI report were internally reviewed before
submission to the PRI○ (H) We did not verify the information submitted in our PRI report this reporting year

INTERNAL AUDIT
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

CBM 4

CORE

OO 21, CBM 1

N/A

PUBLICInternal audit

6

What responsible investment processes and/or data were audited through your internal audit function?
☑ (A) Policy, governance and strategy
Select from dropdown list:○ (1) Data internally audited○ (2) Processes internally audited◉ (3) Processes and data internally audited☐ (B) Manager selection, appointment and monitoring☐ (C) Listed equity☐ (D) Fixed income☐ (E) Private equity☐ (F) Real estate☐ (G) Infrastructure142

IndicatorType of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

CBM 5

PLUS

CBM 1

N/A

PUBLICInternal audit

6

Provide details of the internal audit process regarding the information submitted in your PRI report.
All our ESG processes are open for review and audit by our second and third line of defense functions which include compliance andinternal audit. Internal Audit periodically schedules reviews of particular aspects of our ESG processes on an ongoing basis.

INTERNAL REVIEW
Indicator

Type of indicator

Dependent on

Gateway toDisclosure

Subsection

PRI Principle

CBM 6

CORE

CBM 1

N/A

PUBLICInternal review

6

Who in your organisation reviewed the responses submitted in your PRI report this year?
☐ (A) Board, trustees, or equivalent☑ (B) Senior executive-level staff, investment committee, head of department, or equivalent
Sections of PRI report reviewed◉ (1) the entire report○ (2) selected sections of the report○ (C) None of the above internal roles reviewed selected sections or the entirety of the responses submitted in our PRI report
this year

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